The Secondary Mortgage Market Enhancement Act is an act passed in 1984 to meet growing demand for mortgage credit.  ( 19 min )

Brokered certificates of deposit are CDs that can be traded on the secondary market. Learn how brokered CDs work.  ( 21 min )

Unlimited bond purchase programs involve open-ended commitments by central banks to purchase distressed government debt.  ( 19 min )

A seed stock is any stock which represents a company that develops and produces seeds for planting crops.  ( 19 min )

A put swaption is a position on an interest rate swap that allows an entity to pay a fixed rate of interest and receive a floating rate of interest.  ( 18 min )

Factory orders are economic indicators of the dollar value for durable and non-durable goods.  ( 18 min )

As implied volatility increases, call and put option prices go up. When implied volatility decreases, option prices go down.  ( 23 min )

Puerto Rican rapper Bad Bunny had a net worth of $88 million as of 2022 and has earned millions from his record-breaking tours, and lucrative endorsements with brands like Adidas, Cheetos, and Pepsi.  ( 19 min )

Accelerated amortization occurs when a borrower makes extra payments toward their mortgage principal, speeding up the settlement of their debt.  ( 19 min )

Two solid options. The right one for you will depend on your digital-versus-human preference, the amount you have to invest, and your desire to fine-tune your portfolio.  ( 27 min )

A Schedule II bank is a subsidiary of a foreign bank that is authorized to accept deposits within Canada and is regulated by the federal Bank Act.  ( 19 min )

iShares Gold Trust Micro offers the lowest fees, Invesco DB Precious Metals Fund has the best return, and SPDR Gold Trust is the most liquid.  ( 19 min )

iShares Core S&P 500, Vanguard S&P 500, and SPDR Portfolio S&P 500 are tied for lowest fees, while SPDR S&P 500 is the most liquid.  ( 21 min )

Bank fees are nominal fees for a variety of account set-up and maintenance, and minor transactional services for retail and business customers.  ( 22 min )

When you earn interest on a certificate of deposit, you must report it as income and pay taxes on it.  ( 22 min )

Last in, first out (LIFO) is a method used to account for inventory that records the most recently produced items as sold first.  ( 24 min )

An illiquid option is a contract that cannot be sold for cash quickly at the prevailing market price. Illiquid options have very low or no open interest.  ( 18 min )

Surprisingly, opening a Swiss bank account is not that much different from opening a standard bank account.  ( 21 min )

Condominiums are housing units in a large property complex that are sold to buyers. While apartments are generally rented, condos are owned. Learn more.  ( 24 min )

An employee stock purchase plan (ESPP) is a company-run program in which participating employees can buy company shares at a discounted price. Learn how it works.  ( 22 min )

The annual equivalent rate (AER) is the interest rate for a savings account or investment product that has more than one compounding period.  ( 23 min )

A with approved credit statement is a qualifier used in advertisements that protects the advertiser against accusations of misleading customers.  ( 18 min )

Hard money and soft money are terms often used to describe currency and also refer to political contributions in the United States.  ( 24 min )

The Fed is moving away from emergency-mode. This bodes well for financial markets if it means efforts to further tighten financial conditions are coming to an end.  ( 13 min )

The bidder group led by Leerink, who is chief executive of SVB Securities, will acquire the investment banking business for a combination of cash, repayment of an intercompany note, and a 5% equity instrument, the company said. The deal comes after the Federal Deposit Insurance Corporation (FDIC) took over Silicon Valley Bank in March after depositors rushed to pull out their money in a bank run that wiped out more than half the market value of several U.S. regional lenders and triggered the worst banking crisis since 2008.  ( 7 min )

The post-covid economy was meant to roar. But it is faltering again  ( 10 min )

(Bloomberg) -- For a company with “gold” in its name, Barrick Gold Corp. has become noticeably fixated on copper.Most Read from BloombergFlorida Is Losing Its Affordability Edge After Drawing a Flood of New ArrivalsGoodbye, Body Mass Index. You Won’t Be Missed.Ermotti Suggests ‘Massive Downsizing’ Might Come to Credit Suisse’s Investment BankAirbus Set for Splashy Paris Debut With 500-Jet IndiGo OrderNYC Air Quality Improves to Moderate Rating From ‘Unhealthy’The world’s second-largest bullion p  ( 9 min )

There are thousands of publicly traded companies on Wall Street’s stock exchanges, tens of thousands of investors buying and selling practically every hour, and more thousands of professional stock analysts watching every detail of these transactions. It’s enough raw data that even Mr. Spock would have trouble calculating the odds in his head. Spock would turn to the Enterprise computer, which we haven’t got – but we do have the Smart Score, a sophisticated data parsing and collation tool, power  ( 12 min )

If you've looked at the investment options in your workplace 401(k) retirement plan, chances are you'll see mutual funds that put your money into stocks, bonds or cash and cash equivalents. Those have been the options available ever since 401(k) … Continue reading → The post Here's One Easy Way to Boost Your 401(k) By 8% appeared first on SmartAsset Blog.  ( 8 min )

Semi-annual testimony from Fed Chair Jay Powell and earnings from FedEx will be the highlight for investors in a holiday-shortened week ahead as the market rally continued last week as the end of the second quarter approaches.  ( 10 min )

For older Americans, living off the interest and returns of your retirement account is how retirement is structured. The goal is that by the time you hit your late 60s you will ideally have enough saved up to coast indefinitely. … Continue reading → The post How Much Interest Does $2 Million Pay Monthly? appeared first on SmartAsset Blog.  ( 11 min )

A recent study from the career experts Zety says that 40% of respondents fear retirement more than death. And almost nine in 10 responded that their biggest retirement fear is not having enough income. For married couples, planning retirement for two people can … Continue reading → The post Average Retirement Savings for Married Couples By Age appeared first on SmartAsset Blog.  ( 8 min )

Annuities are an ideal option for investors seeking regular income in retirement. They pay out a fixed stream of payments on a monthly or annual basis that you can never outlive. Here's how much you'd get per month if you … Continue reading → The post How Much Does a $50,000 Annuity Pay Per Month? appeared first on SmartAsset Blog.  ( 8 min )

Let's say you want to retire early, at age 55. Is $5 million enough to achieve your goal? While the cost of living varies from place to place, a nest egg this size would likely give more than enough money for … Continue reading → The post Is $5 Million Enough to Retire at 55? appeared first on SmartAsset Blog.  ( 8 min )

Medicaid can pay for long-term care if you meet its means-testing restrictions. The federal-state program is designed to help only people of limited financial means. However, people with more substantial assets can use three different strategies to shield those assets … Continue reading → The post 3 Ways to Protect Assets from Medicaid appeared first on SmartAsset Blog.  ( 8 min )

If I have a tax-deferred 401(k). Can I convert it to a Roth IRA without paying the deferred taxes when I roll it over? -Tommy Generally, the answer here is no. There's typically no method to totally dodge taxes on … Continue reading → The post Ask an Advisor: I Want to Roll Over My Money to a Roth IRA. How Do I Avoid Paying Taxes? appeared first on SmartAsset Blog.  ( 8 min )

Sales tax on large purchases, like a car, is crucial to factor into the price. Depending on where you live and the price of your car, sales tax can cost you thousands of dollars. But did you know there are … Continue reading → The post How to Legally Avoid Paying Sales Tax on a Used Car appeared first on SmartAsset Blog.  ( 9 min )

Social Security benefits can provide you with a stream of retirement income that is reliable. Deciding when to take benefits is an important question, especially if you're married and hope to qualify for spousal benefits. If you're already taking Social … Continue reading → The post Rules for Switching Social Security Benefits appeared first on SmartAsset Blog.  ( 9 min )

(Bloomberg) -- The Federal Reserve’s decision to stop its interest-rate hikes, at least temporarily, is a break for consumers who’ve watched everything from their credit cards to mortgages get more expensive. Most Read from BloombergFlorida Is Losing Its Affordability Edge After Drawing a Flood of New ArrivalsGoodbye, Body Mass Index. You Won’t Be Missed.Ermotti Suggests ‘Massive Downsizing’ Might Come to Credit Suisse’s Investment BankAirbus Set for Splashy Paris Debut With 500-Jet IndiGo Order  ( 9 min )

(Bloomberg) -- The world’s riskiest sovereign bonds are having a moment as Wall Street investors seek out high yields from countries showing early signs of market-friendly pivots.Most Read from BloombergFlorida Is Losing Its Affordability Edge After Drawing a Flood of New ArrivalsGoodbye, Body Mass Index. You Won’t Be Missed.Ermotti Suggests ‘Massive Downsizing’ Might Come to Credit Suisse’s Investment BankAirbus Set for Splashy Paris Debut With 500-Jet IndiGo OrderEric Schmidt Buys Abandoned Al  ( 8 min )

iShares Core S&P 500, Vanguard S&P 500, and SPDR Portfolio S&P 500 are tied for lowest fees, while SPDR S&P 500 is the most liquid.  ( 21 min )

Many lenders are revising down their estimates of a key measure of profitability as they pay more to bring in deposits.  ( 10 min )

News, analysis and comment from the Financial Times, the worldʼs leading global business publication  ( 5 min )

Argentina and the International Monetary Fund (IMF) have a $44 billion dilemma, with the two sides set to meet for crunch talks to revamp the country's huge, wobbling debt deal, key to avoiding default on billions in looming debt payments. But with net foreign currency reserves estimated to be in negative territory, hit by a major drought that sunk the key soy and corn harvests, Argentina is at risk again of missing debt repayments, with $2.7 billion due to the fund this month alone. Economy Minister Sergio Massa is expected in Washington as early as this week to try to unlock talks to accelerate IMF disbursements and ease economic targets attached to the deal, with investors and traders watching closely.  ( 7 min )

The biannual 2023 Paris Air Show starts Tuesday and runs through June 25. It's the first since 2019 after a Covid-related cancellation in 2021.  ( 22 min )

(Bloomberg) -- Jerome Powell will be in the Capitol Hill spotlight a week after the Federal Reserve paused its most aggressive tightening campaign in decades, with investors watching for clues on whether central bankers are indeed leaning toward further interest-rate hikes.Most Read from BloombergFlorida Is Losing Its Affordability Edge After Drawing a Flood of New ArrivalsGoodbye, Body Mass Index. You Won’t Be Missed.Ermotti Suggests ‘Massive Downsizing’ Might Come to Credit Suisse’s Investment  ( 10 min )

Jack Ma, the billionaire founder of Alibaba Group Holding, made a rare public appearance on Saturday in the eastern Chinese city of Hangzhou to chat with the finalists of an annual global mathematics competition organised by the company's in-house research unit. According to a statement from the e-commerce giant's Damo Academy, Ma discussed the "understanding of mathematics" with finalists of the 2023 Alibaba Global Mathematics Competition. This marks the second time that the 58-year-old entrepr  ( 8 min )

Intel Corp will build a new factory in Israel worth $25 billion, Prime Minister Benjamin Netanyahu said on Sunday, calling it the largest-ever international investment in the country. The factory in Kiryat Gat is due to open in 2027 and will employ thousands of people, Israel's Finance Ministry said, adding that under the deal Intel will pay up a 7.5% tax rate, up from the current 5%. There was no immediate comment from Intel in Israel.  ( 6 min )

Nearly two-thirds of U.S. adults age 65 and older have money in stocks.  ( 27 min )

A billionaire bungalow tycoon has been plunged into a bankruptcy row amid allegations of a trail of unpaid debts.  ( 7 min )

Companies are resisting layoffs even as economic weakness looms.  ( 29 min )

News, analysis and comment from the Financial Times, the worldʼs leading global business publication  ( 5 min )

(Bloomberg) -- Hong Kong is betting that a new program allowing investors to trade equities in the yuan on top of its local currency will help revive its flagging stock market and boost turnover that’s hovering at a four-year low.Most Read from BloombergFlorida Is Losing Its Affordability Edge After Drawing a Flood of New ArrivalsEric Schmidt Buys Abandoned Alfa Nero Superyacht for $67.6 MillionErmotti Suggests ‘Massive Downsizing’ Might Come to Credit Suisse’s Investment BankAfrica’s Richest Ci  ( 8 min )

De Turkse lira is na de verkiezingen in een vrije val geraakt. De munt is maar liefst 20 procent van zijn waarde verloren ten opzichte van de euro. Hoe diep kan de lira nog zakken? En welke koers gaat de Turkse centrale bank varen?  ( 5 min )

Het Amerikaanse chipconcern Intel gaat voor 25 miljard dollar (22,8 miljard euro) een nieuwe fabriek bouwen in Israël. Dat zei de Israëlische premier Benjamin Netanyahu zondag. Volgens hem gaat het om de grootste internationale bedrijfsinvestering ooit in Israël.  ( 3 min )

Ondanks maatschappelijke druk op Shell om te vergroenen, liet de CEO van het bedrijf afgelopen week weten dat de olieproductie niet verder omlaaggaat. Het bedrijf zegt voor te lopen op de doelen om uitstoot te verlagen. Maar Amerikaanse aandeelhouders drukken ook hun stempel.  ( 5 min )

Ondanks maatschappelijke druk op Shell om te vergroenen, liet de CEO van het bedrijf afgelopen week weten dat de olieproductie niet verder omlaaggaat. Het bedrijf zegt voor te lopen op de doelen om uitstoot te verlagen. Maar Amerikaanse aandeelhouders drukken ook hun stempel.  ( 5 min )

De topman van het Franse olie- en gasconcern TotalEnergies vindt de kritiek van klimaatactivisten dat het bedrijf aan 'greenwashing' zou doen oneerlijk. Volgens Patrick Pouyanné steekt TotalEnergies juist veel geld in duurzame energiebronnen en onder meer de aanleg van laadpalen voor elektrische auto's.  ( 3 min )

De Duitse economie zal dit jaar niet groeien. Die verwachting heeft de Duitse industrievereniging BDI uitgesproken in de krant Frankfurter Allgemeine Zeitung.  ( 2 min )

Boeing verwacht dat het aantal vliegtuigen in de lucht de komende twintig jaar verdubbelt. Dat meldt de Amerikaanse vliegtuigbouwer aan de vooravond van het Internationale Lucht- en Ruimtevaartsalon (SIAE) in het Franse Le Bourget.  ( 3 min )

Het kabinet is niet van plan om het voorbeeld te volgen van nabijgelegen landen die iets aan de hoge prijzen van boodschappen proberen te doen. Zo heeft Frankrijk maatregelen aangekondigd en wil de Belgische minister van Economie fabrikanten dwingen hun prijzen te temperen.  ( 6 min )

Odious debt is money that a new government does not want to repay on the grounds of the previous borrowing government's alleged bad actions.  ( 21 min )

A journal is a detailed record of the financial transactions of a business, designed to be used to reconcile all of the business' accounting records.  ( 23 min )

Options trading sounds complicated until you know these four basic moves. Learn how to trade options here.  ( 24 min )

Learn about LGBTQ+ retirement challenges and remedies, including higher poverty rates, a savings shortfall, the need to plan, and available resources.  ( 26 min )

In finance, the term laddering is used in a variety of ways depending on the industry. A common usage relates to bond ladders for retirement income.  ( 23 min )

Discover how to buy gold bars and evaluate your purchase's purity, form, size, and authenticity.  ( 24 min )

An angel investor provides seed money for early-stage startups, usually in exchange for ownership equity if the idea takes off.  ( 24 min )

The Securities and Exchange Commission has secured an emergency action to protect the assets of Binance's U.S. customers.  ( 17 min )

Real estate auctions bring real estate buying opportunities to many informed house hunters. Learn more about this market.  ( 26 min )

Family limited liability (LLC) companies are useful tools in the United States. They are used to protect family assets and engage in estate planning.  ( 18 min )

The forex market is the largest, most volatile financial market in the world. Before you jump in, you'll want to know the currency pairs that trade the most often.  ( 22 min )

Discover three of the most popular government money market funds well suited for investors seeking capital preservation and minimal risk.  ( 19 min )

CD are offering exciting rates at over 5%, but does that doesn't mean you sell your stocks to jump into CDs. Advisors caution investors to stick to their long-term financial plans.  ( 19 min )

An impairment in accounting is a permanent reduction in the value of an asset to less than its carrying value.  ( 27 min )

GBP/USD is short for the British pound and U.S. dollar currency pair, or cross, showing how many U.S. dollars (the quote currency) are needed to buy one British pound (the base currency).  ( 22 min )

CDs have attracted attention after an era of low interest rates, but financial advisors said they still warrant thoughtful consideration depending on clients' profiles.  ( 16 min )

The best CD term right now might be the one with the highest rate of 5.65%, but if you really want to maximize returns, a slightly lower rate on a longer term will be better.  ( 17 min )

If you’ve used Google’s search engine and clicked on a link at any time between October 2006 and September 2013, you may be eligible for a small portion of a $23 million settlement.  ( 17 min )

An account statement is a periodic summary of account activity with a beginning date and an ending date.  ( 22 min )

For those of you who are new to check writing, here is a step-by-step guide on how to fill one out.  ( 25 min )

Extended normal costing is a method of tracking production costs that uses a budgeted estimate for overhead costs rather than real expenditures.  ( 18 min )

An exchange rate is how much is costs to change one country's currency for another. Rates can vary based on a number of factors. Here's what you need to know.  ( 24 min )

The diffusion of innovations theory is a hypothesis outlining how new technological and other advancements spread throughout societies and cultures.  ( 22 min )

Financial counselors help individuals and families budget, pay off debt, manage credit, set financial goals, and improve their financial health.  ( 23 min )

If a stop-limit order is established, find out if it is guaranteed to be executed even when the market is dropping fast. See why the trade may be held up.  ( 19 min )

One ETF has taken in more money than all others so far in 2023, with a massive $11.3 billion in inflows as of June 6th, according to FactSet. But it’s not a hot new AI fund or an ETF capitalizing on other en-vogue tech trends, although it will give you some exposure to them. Instead, it’s arguably one of the most boring, vanilla ETFs out there, but this doesn’t mean it can’t help you to grow your portfolio. It’s the Vanguard S&P 500 ETF (NYSEARCA:VOO). In fact, whether you are just beginning you  ( 9 min )

Cathie Wood's ARK Invest Innovation ETF disclosed more sales of Tesla stock on Friday evening.  ( 22 min )

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(Bloomberg) -- Bond investors are having to regroup after this week’s Federal Reserve meeting dealt a crippling blow to a strategy that many on Wall Street had banked on at the start of the year.Most Read from BloombergFlorida Is Losing Its Affordability Edge After Drawing a Flood of New ArrivalsEric Schmidt Buys Abandoned Alfa Nero Superyacht for $67.6 MillionErmotti Suggests ‘Massive Downsizing’ Might Come to Credit Suisse’s Investment BankAirbus Set for Splashy Paris Debut With 500-Jet IndiGo  ( 8 min )

(Bloomberg) -- America’s most leveraged companies got a painful reality check this week when Federal Reserve Chairman Jerome Powell warned that a rate cut is still a couple of years away. Most Read from BloombergFlorida Is Losing Its Affordability Edge After Drawing a Flood of New ArrivalsEric Schmidt Buys Abandoned Alfa Nero Superyacht for $67.6 MillionErmotti Suggests ‘Massive Downsizing’ Might Come to Credit Suisse’s Investment BankAfrica’s Richest City Is Crumbling Under Chaos and Corruption  ( 9 min )

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The Securities and Exchange Commission has secured an emergency action to protect the assets of Binance's U.S. customers.  ( 18 min )

The National Grid will ask factories and businesses to voluntarily cut their electricity usage this winter under an expansion of a service previously pioneered by households.  ( 6 min )

"Although we expect further declines in inflation going forward, markets appear considerably more optimistic than we are about the pace of cooling," the Goldman strategists wrote in the note dated on Friday, according to the Bloomberg report. Markets are ignoring the potential for "delayed-onset inflation" in sectors such as healthcare, the strategists wrote, Bloomberg reported.  ( 7 min )

United Parcel Service’s largest labor union is ready to play hardball.  ( 22 min )

The exchange agrees to keep assets in the country and under Binance.US executives’ control.  ( 29 min )

CD are offering exciting rates at over 5%, but does that doesn't mean you sell your stocks to jump into CDs. Advisors caution investors to stick to their long-term financial plans.  ( 19 min )

Consumer advocates say Bunge’s agreement to buy Viterra could drive up prices, while Bunge says the companies don’t overlap  ( 28 min )

(Bloomberg) -- Investors have just turned back the clock on the Fed’s tightening campaign and cast aside the Fed fears that ruled them for 15 months.Most Read from BloombergEric Schmidt Buys Abandoned Alfa Nero Superyacht for $67.6 MillionAfrica’s Richest City Is Crumbling Under Chaos and CorruptionSingapore Airlines Tumbles After Morgan Stanley Slashes RatingCrispin Odey’s One-Week Downfall Was Decades in the MakingMichael Jordan to Sell $3 Billion Hornets Stake to PlotkinThe S&P 500 index capp  ( 9 min )

Most Americans have less in their retirement accounts than they'd like, and much less than the rules say they should have. So, obviously, if that describes you then you're not alone. Now, most financial advisors recommend that you have between five … Continue reading → The post How Much Should I Have in My 401(k) at 50? appeared first on SmartAsset Blog.  ( 10 min )

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SmartAsset compares three of the largest investment companies based on usability, trade experience, offerings and cost. Learn more here.  ( 11 min )

Certificates of deposit (CDs) offer a great, more structured way to save. CDs have specific time terms that typically vary from a few months to a decade. After you make your initial deposit, you can't access your funds until the … Continue reading → The post Are Certificates of Deposit (CDs) FDIC-Insured? appeared first on SmartAsset Blog.  ( 8 min )

Investing money can help you build wealth, but taxes can take a big bite out of your earnings. Following a buy, borrow, die strategy is one way to minimize your tax liability and preserve more of your wealth. The concept … Continue reading → The post Buy, Borrow, Die: How the Rich Avoid Taxes appeared first on SmartAsset Blog.  ( 10 min )

An annuity can be an appealing option to build your retirement nest egg. Adding guaranteed retirement income to your retirement can give you financial stability. But the exact amount that you'll get from an annuity each month will vary. Let's … Continue reading → The post How Much Does a $200,000 Annuity Pay Per Month? appeared first on SmartAsset Blog.  ( 8 min )

News, analysis and comment from the Financial Times, the worldʼs leading global business publication  ( 5 min )

I've been debating whether to pay off my mortgage. I've refinanced at 2.375% and can get a certificate of deposit (CD) for a year at 4%. I was adding to my mortgage payment by about $1,000 a month to pay … Continue reading → The post Ask an Advisor: Should I Pay off My Mortgage or Invest in CDs? I Refinanced My Mortgage at 2.375%, But I Can Get a CD at 4%. Plus, I Want to Retire in 7 Years. appeared first on SmartAsset Blog.  ( 9 min )

About one-third (34%) of American households say they’re at risk of not being able to replace their working income in retirement.  ( 9 min )

If you're looking to receive passive income with your investments, there are many ways to do it. While your best choice will depend on certain factors, such as your age and risk tolerance, there are many ways to invest $20,000. … Continue reading → The post How to Invest $20,000 for Passive Income appeared first on SmartAsset Blog.  ( 8 min )

Microsoft, with its Activision Blizzard deal still uncertain, is advancing its cloud-centric subscription-based business model with a slate of coming Xbox videogames including “Starfield.”  ( 28 min )

Though retirees are only required to take a certain portion of their retirement savings out as distributions each year, a study from JPMorgan Chase shows that there is likely good reason to take out more. A withdrawal approach based solely on … Continue reading → The post 84% of Retirees Are Making This RMD Mistake appeared first on SmartAsset Blog.  ( 9 min )

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CDs have attracted attention after an era of low interest rates, but financial advisors said they still warrant thoughtful consideration depending on clients' profiles.  ( 18 min )

The best CD term right now might be the one with the highest rate of 5.65%, but if you really want to maximize returns, a slightly lower rate on a longer term will be better.  ( 18 min )

Hammered by inflation, recession fears and doubts about the future of Social Security, an increasing number of working Americans say they plan to claim their Social Security benefits early while staying on the job. Here are the factors driving this … Continue reading → The post More Workers Plan to Retire on Less Money by Claiming Social Security Early appeared first on SmartAsset Blog.  ( 8 min )

If you’ve used Google’s search engine and clicked on a link at any time between October 2006 and September 2013, you may be eligible for a small portion of a $23 million settlement.  ( 19 min )

McDonald’s’ British expansion plans are being scuppered by bureaucracy and planning red tape, the boss of the fast food chain has said.  ( 10 min )

UBS's Chief Executive sought to reassure Switzerland on Saturday over its new banking giant, created by the Swiss bank's historic takeover of former rival Credit Suisse. "The prospects for UBS are better than ever," Sergio Ermotti wrote in an opinion piece published in the Swiss paper Tages-Anzeiger. Ermotti, who returned to the bank as Chief Executive in a surprise move shortly after the government orchestrated rescue of Credit Suisse was announced, addressed public concern over the size of the combined bank.  ( 7 min )

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Workers at the failed California banks plowed their money into company stock.  ( 30 min )

Taiwan's central bank said on Saturday it has smooth communication channels with the U.S. Treasury Department and will keep talking with them about foreign exchange policies, after the United States kept the island on a monitoring list. Treasury said on Friday it found that no major U.S. trading partners had manipulated their currencies for an export advantage and ended "enhanced analysis" for Switzerland after the country met only one of three manipulation criteria. In its semi-annual currency report, the department said Switzerland remains on a "monitoring list" for close attention to foreign exchange and economic policies, along with six other trading partners: China, Taiwan, South Korea, Germany, Malaysia and Singapore.  ( 6 min )

(Bloomberg) -- A decade ago, Paul Singer did battle with the government of Argentina — and won. Next week, the notoriously pugnacious hedge fund boss is taking on a bastion of the City of London, the 146-year-old London Metal Exchange.Most Read from BloombergAfrica’s Richest City Is Crumbling Under Chaos and CorruptionEric Schmidt Buys Abandoned Alfa Nero Superyacht for $67.6 MillionSingapore Airlines Tumbles After Morgan Stanley Slashes RatingMichael Jordan to Sell $3 Billion Hornets Stake to P  ( 9 min )

(Bloomberg) -- Inflation in the US won’t come down as quickly as markets are currently pricing, according to strategists at Goldman Sachs Group Inc.Most Read from BloombergAfrica’s Richest City Is Crumbling Under Chaos and CorruptionEric Schmidt Buys Abandoned Alfa Nero Superyacht for $67.6 MillionSingapore Airlines Tumbles After Morgan Stanley Slashes RatingMichael Jordan to Sell $3 Billion Hornets Stake to PlotkinPutin Says Russia Put First Nuclear Weapons in BelarusInvestors could be assuming  ( 7 min )

(Reuters) -Binance, the world's biggest cryptocurrency exchange, and Binance.US have entered into an agreement with the U.S. Securities and Exchange Commission to ensure that U.S. customer assets remain in the United States until a sweeping lawsuit filed this month by the regulatory agency is resolved. To make certain that U.S. customer assets do not go offshore, the agreement allows only Binance.US employees access to these assets. The SEC on June 5 sued Binance, its CEO and founder Changpeng Zhao and Binance.US's operator, alleging that Binance artificially inflated its trading volumes, diverted customer funds, failed to restrict U.S. customers from its platform and misled investors about its market surveillance controls.  ( 7 min )

Binance, Binance.US and the Securities and Exchange Commission (SEC) announced a deal to ensure that only Binance.US employees could access customer funds late Friday.  ( 7 min )

The New Development Bank is having difficulty accessing dollars, and has largely stopped lending, the Wall Street Journal reported.  ( 7 min )

The consequences of an international minimum-tax agreement are about to be felt.  ( 28 min )

Kroger management reaffirmed the “low end” of 1-2% identical sales growth guidance. The post How Kroger expanded margins when growth was hard to come by appeared first on FreightWaves.  ( 9 min )

New details have emerged about Tiger Cool Express’ financial health leading up to the company’s abrupt closure on Tuesday. The post Tiger Cool Express ceases operations amid financial troubles appeared first on FreightWaves.  ( 9 min )

Here are the daily ETF fund flows for June 12, 2023.  ( 5 min )

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De Duitse economie zal dit jaar niet groeien. Die verwachting heeft de Duitse industrievereniging BDI uitgesproken in de krant Frankfurter Allgemeine Zeitung.  ( 2 min )

Bij pakketbezorger UPS dreigt een grote staking in de Verenigde Staten. Vakbondsleden onder de bezorgers en medewerkers van sorteer- en distributiecentra stemden volgens vakbond Teamsters vrijwel unaniem in met acties als er voor eind juli geen nieuw loonakkoord is.  ( 3 min )

Piekbelaster is een relatief jong begrip in de boerengeschiedenis van ons land. Twee jaar geleden hadden we er nog nooit van gehoord, nu weet bijna iedereen wat het betekent. Wat een piekbelaster kan krijgen als die zich laat uitkopen, varieert van een paar miljoen euro tot wel meer dan 10 miljoen euro.  ( 4 min )

De luchtvaartbranche wil dat Europese overheden meer belastinggeld steken in het beperken van de CO2-uitstoot van vliegtuigen. Sprekers op een panel voorafgaand aan de Paris Air Show van volgende week waarschuwden vrijdag dat Europa achterop dreigt te raken bij de Verenigde Staten.  ( 4 min )

Bijna negenduizend Reddit-fora gingen begin deze week op zwart. Twee dagen was het idee. Om te protesteren tegen plotselinge kosten waarmee onafhankelijke ontwikkelaars vanaf juli worden opgezadeld. Ruim de helft van de fora is vijf dagen later nog steeds dicht. En Reddit-topman Steve Huffman is niet van plan iets te veranderen aan zijn plannen.  ( 5 min )

Ruim 160 bouwplaatsen zijn zaterdag te bezoeken tijdens de jaarlijkse Dag van de Bouw. Dat zijn er volgens organisator Bouwend Nederland meer dan ooit.  ( 4 min )

Om de energietransitie te versnellen, moeten we meer stroom gebruiken als er veel zonne- en windenergie wordt opgewekt. Daarom moeten we af van vaste energietarieven en overstappen op 'dynamische' stroomprijzen, vindt klimaateconoom Reyer Gerlagh. Andere experts hebben daar bedenkingen bij.  ( 5 min )

If you’ve used Google’s search engine and clicked on a link at any time between October 2006 and September 2013, you may be eligible for a small portion of a $23 million settlement.  ( 1 min )

The funds are all fully transparent, unlike the firm’s previous stock exchange-traded funds.  ( 6 min )

The S&P 500 has broken the 4200 level, marking a support if the stock market were to fall. And if that level were to hold, the index could be gearing up to rally again.  ( 22 min )

Nearly half of the respondents averaging $560,000 in net worth said they were wealthy, when including nonfinancial factors like health and family. But when asked about how much money it took to be wealthy in America, they said $2.2 million.  ( 22 min )

Choosing the AI winners might not be as easy as it looks. While Nvidia is an obvious one, others have a lot of catching up to do.  ( 22 min )

Despite maintaining a relationship with OPEC, Russia’s strategy of supplying large amounts of discounted oil in violation of agreed production cuts is straining its ties with the organization.  ( 8 min )

Homeowners are staying put as they try to hold on to the lower mortgage rates secured before borrowing costs went up, Redfin said.  ( 7 min )

Analysts weigh in on Salesforce, Oracle, Chevron, Netflix, Kohl’s, and Floor & Decor Holdings  ( 22 min )

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Nikola Corp. is laying off 270 employees as its cash condition worsens and company founder Trevor Milton takes shots at leadership. The post Nikola cuts 270 jobs as cash to survive runs low appeared first on FreightWaves.  ( 8 min )

Investors are always happy when a company they own increases its dividend. After all, as an income investor, you just received a raise. But the hikes often mean more than just a company being generous. Dividend increases can also be an indication that the company feels its future earnings will be sufficient to cover the increase being given to its shareholders. This is especially true with real estate investment trusts (REITs) that are mandated by law to pay out a minimum of 90% of their taxable  ( 9 min )

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For 10 years, crypto startup after crypto startup has tried its luck with the SEC. Now Wall Street’s heaviest hitter is lending its weight.  ( 7 min )

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Securities backed by home loans offer attractive income and relatively cheap prices, with some mutual funds and ETFs yielding about 5%.  ( 22 min )

Constellation has quietly doubled Modelo Especial sales since 2017, pushing past Corona and finally unseating Bud Light in the past week as America’s favorite beer. Plus, Nasdaq CEO Adena Friedman’s deal to buy Adenza.  ( 22 min )

Controversial China-founded retailer Shein is growing into a global titan. Analysts say that many Western competitors are ignoring the app—at their peril.  ( 50 min )

Economics and politics might have played a role in the Federal Reserve’s decision to forgo an interest-rate hike this month.  ( 22 min )

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The switch in the company’s public numbers caused a “groundswell of concern” at the startup, according to newly released messages.  ( 9 min )

(Bloomberg) -- Nikola Corp. shares surged this week in a rally that’s eating into paper profits for traders betting against the electric-vehicle maker and setting them up for a short squeeze.Most Read from BloombergAfrica’s Richest City Is Crumbling Under Chaos and CorruptionEric Schmidt Buys Abandoned Alfa Nero Superyacht for $67.6 MillionMichael Jordan to Sell $3 Billion Hornets Stake to PlotkinPutin Says Russia Put First Nuclear Weapons in BelarusA Goldman Partner’s Sexually Explicit Video Le  ( 8 min )

(Bloomberg) -- Another week, another 600 points in the Nasdaq 100. How does this keep happening? It may be that despite the Federal Reserve’s best efforts to drain the economy of vigor, nothing terrible has actually happened to the corporate earnings engine.Most Read from BloombergAfrica’s Richest City Is Crumbling Under Chaos and CorruptionEric Schmidt Buys Abandoned Alfa Nero Superyacht for $67.6 MillionPutin Says Russia Put First Nuclear Weapons in BelarusMichael Jordan to Sell $3 Billion Hor  ( 10 min )

After falling for seven straight months, the Case-Shiller U.S. National Home Price Index finally showed upticks in February and March. But according to economics research firm Capital Economics, the decline in the housing market is far from over. In their latest report, Capital Economics researchers point out that the increase in home prices in February and March was because of higher demand as a result of declining mortgage rates at the start of this year. But that will prove to be short-lived.  ( 9 min )

And it doesn’t really matter if it’s technically a trust.  ( 9 min )

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Series I US savings bonds (I bonds) bought before Nov. 1, 2023, pay a guaranteed 4.30% for six months. Or you could open a 6-month CD that pays 5.65%. Which makes the most sense in the long run?  ( 19 min )

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(Bloomberg) -- The bull-market rally in US stocks is about to run out of steam, according to Citigroup Inc.Most Read from BloombergAfrica’s Richest City Is Crumbling Under Chaos and CorruptionEric Schmidt Buys Abandoned Alfa Nero Superyacht for $67.6 MillionPutin Says Russia Put First Nuclear Weapons in BelarusA Goldman Partner’s Sexually Explicit Video Led to Millions in SettlementMichael Jordan to Sell $3 Billion Hornets Stake to PlotkinStrategists at the bank led by Scott Chronert this week r  ( 8 min )

GE generates most of its profit and revenue through its aviation segment.  ( 21 min )

US stocks lost steam on Friday after rallying the previous day amid signs of a resilient economy that boosted hopes the Federal Reserve could end its rate-hike campaign soon.  ( 7 min )

The International Energy Agency predicts Asia will buy growing volumes of U.S. crude through 2028. That’s good news for supertanker demand. The post Supertanker rate roller coaster: Surprise spike to $91,000 per day appeared first on FreightWaves.  ( 9 min )

Here’s our weekly roundup of the week’s most-read articles at Barron’s Advisor.  ( 22 min )

Nvidia Corp. (NASDAQ:NVDA) recently made headlines for joining the elite "trillion-dollar group" after its market cap briefly crossed $1 trillion during the last week of May. Nvidia is one of only a handful of companies boasting a 13-figure valuation. Some of the most prominent ones include Apple Inc., Amazon.com Inc., Google parent Alphabet Inc. and Microsoft Corp. Some of which have even surpassed $2 trillion in recent months. Nvidia's rise can be attributed to the increased demand for semicon  ( 9 min )

Two top economists agree that inflation is already conquered, and by continuing the big squeeze, the Fed will likely drive the U.S. into an unecessary, and possibly steep, recession.  ( 11 min )

A southwest Florida couple has been charged with stealing more than $2 million in COVID-19 relief funds and using the money to buy boats, new businesses and other luxury items. Timothy Craig Jolloff, 46, and Lisa Ann Jolloff, 56, made their initial appearances Friday in Fort Myers federal court on charges of conspiracy to commit money laundering and illegal monetary transactions, according to court records. Timothy Jolloff is also charged with one count of wire fraud.  ( 6 min )

If you follow income stocks like real estate investment trusts (REITs) on a regular basis, you will undoubtedly hear a lot about the larger and more popular REITs, such as Realty Income Corp. (NYSE: O), WP Carey Inc. (NYSE: WPC), Equinix Inc. (NASDAQ: EQIX), Prologis Inc. (NYSE: PLD) and others. But often, it’s the lesser-known stocks that can produce the best total performance if they have been growing their earnings or dividends. Earnings and dividend growth often drive stock prices higher, re  ( 9 min )

(Bloomberg) -- Airline, hotel and cruise stocks have jumped since late May as consumers rush to travel, but the outlook for later this year is murky and higher interest rates may take their toll on the shares. Most Read from BloombergFlorida Is Losing Its Affordability Edge After Drawing a Flood of New ArrivalsEric Schmidt Buys Abandoned Alfa Nero Superyacht for $67.6 MillionAfrica’s Richest City Is Crumbling Under Chaos and CorruptionErmotti Suggests ‘Massive Downsizing’ Might Come to Credit Su  ( 8 min )

Robo-taxis "could potentially transform society" and account for over 70% of Tesla's future value, analysts said.  ( 7 min )

Wells Fargo Investment Institute sees the S&P 500 falling 7% by year-end as corporate earnings sink.  ( 9 min )

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After Big Tech's parabolic run, the debate now is whether to hold the shares or fold them. Strategists at Citi argue that they look more like sells than buys.  ( 27 min )

The latest member of the world’s trillion-dollar club pays a shockingly small amount of federal taxes.  ( 7 min )

United Parcel Service (UPS) union employees have voted overwhelmingly to authorize a strike should contract talks break down after the current agreement ends in two weeks, the International Brotherhood of Teamsters said on Friday. It comes during relatively cordial talks as new Teamsters General President Sean O'Brien works to get a UPS deal that shares billions of dollars of its pandemic profit with workers and helps to recruit new members - including Amazon.com warehouse staff. Jeremy Tancredi, a former UPS manager turned industry consultant, said the strike authorization vote is a normal step the union takes to ensure they can quickly respond to any impasse after the contract expires.  ( 7 min )

Yields for the top cash reserve accounts, CDs, savings accounts, and MMAs are at multi-year highs. The best choice for your savings likely comes down to the differences between these kinds of accounts.  ( 20 min )

The U.S. chip maker said it will invest more than $600 million to acquire packaging equipment and build a new facility in its Xi'an factory.  ( 22 min )

Oil prices are down sharply from last year's highs and views are split on whether they'll fall further or start climbing again. Analysts generally expect prices to rise from their current level of around $70 a barrel as [the Chinese recovery gains steam](https://www.wsj.com/articles/chinas-stimulus  ( 21 min )

Disney CFO Christine McCarthy will step down from her longstanding role — a departure that's likely to lead to further headwinds for CEO Bob Iger.  ( 8 min )

If you listen to what many market commentators and journalists are saying these days, you know—or think you know—that U.S. stocks are in a bull market. That’s because on June 8, the Standard & Poor’s 500 Index closed at 4,294, the first day it was more than 20% above its recent low of 3,577 on Oct. 12, 2022.A 20% rise from a recent low, these people say, means that we’re in a bull market. To which I say, “bull.”  ( 9 min )

↗️ Adobe (ADBE): The software company’s stock rose 3% in morning trading after Adobe posted second-quarter earnings that topped analysts’ expectations. ↗️ iRobot (IRBT): Stock jumped 19% af  ( 20 min )

Coherus BioSciences Inc (NASDAQ: CHRS) has agreed to acquire Surface Oncology Inc (NASDAQ: SURF), a clinical-stage immuno-oncology (I-O) company developing next-generation immunotherapies that target the tumor microenvironment. The Surface acquisition adds two clinical stage assets to Coherus' I-O pipeline: SRF388, currently in Phase 2 trials in lung and liver cancer, and SFR114, currently in a Phase 1/2 study as a monotherapy for advanced solid tumors. Coherus will issue shares at $5.2831 per s  ( 7 min )

US stocks are setting up to open flat on Friday, after rallying the previous day amid signs of a resilient economy that boosted hopes the Federal Reserve could end its rate-hike campaign soon.  ( 7 min )

There is another reason why Cava's stock came out of the gate gangbusters: Its chairman.  ( 10 min )

Galactic 01 will fly between June 27 and June 30 and carry three crew members from Italy’s Air Force and National Research Council and will conduct microgravity research.  ( 22 min )

The stock, rising in value toward $3 trillion, is one reason why the S&P 500 is up 15% so far this year. That makes the valuation worthy of a close look.  ( 22 min )

The CEO of Bud Light’s maker has released a message telling its “valued customers" that “we hear you" as sales of the beer are declining.  ( 8 min )

The Baby Boomer generation is reaching retirement age in record numbers. With more Boomers retiring on a daily basis, it helps to understand how prepared they are to leave their jobs for good. In this article, we’ll discuss the average … Continue reading → The post Average Retirement Savings for Baby Boomers appeared first on SmartAsset Blog.  ( 10 min )

An individual retirement account, more commonly referred to as an IRA, is a good place to save for your retirement. Once you reach a certain age, though, you'll have to start taking a minimum amount out of your account each … Continue reading → The post IRA Required Minimum Distribution (RMD) Table for 2023 appeared first on SmartAsset Blog.  ( 9 min )

When you need another stream of income for retirement, you might consider an annuity. You purchase the annuity from an insurance company and receive payments back at a later date. Before buying an annuity, it's important to consider how much … Continue reading → The post How Much Does a $300,000 Annuity Pay Per Month? appeared first on SmartAsset Blog.  ( 9 min )

Approximately 80% of all Americans aged 60 and older are homeowners, and housing wealth accounts for about 48% of the median wealth of that group. As retirees near large cities, and strong housing markets, start retiring, they realize they can … Continue reading → The post Vanguard Says Retirees Can Add at Least $100k to Retirement Savings By Doing This appeared first on SmartAsset Blog.  ( 9 min )

Once you have $1 million in assets, you can look seriously at living entirely off the returns of a portfolio. After all, the S&P 500 alone averages 10% returns per year. Setting aside taxes and down-year investment portfolio management, a … Continue reading → The post How Much Interest Can You Earn on $1 million? appeared first on SmartAsset Blog.  ( 11 min )

I am 66 years old, still working and with very good health insurance. My company does not have a 401(k). I do have an individual retirement account (IRA) with approximately $120,000 invested. I contribute $272 per month, yet my program … Continue reading → The post Ask an Advisor: ‘Am I Getting Fleeced?' I'm 66, Contributing $272 Per Month to an IRA and Paying $136 Monthly in Fees. That's 50% of My Contribution appeared first on SmartAsset Blog.  ( 9 min )

It can be hard to know if your retirement savings are on track, but comparing your balance to where others similar in age are can help. In particular, taking a look at the average 401(k) balance by age is a good place … Continue reading → The post The Average 401(k) Balance by Age: Are You Off the Mark? appeared first on SmartAsset Blog.  ( 10 min )

My wife and I are 70 years old. We've paid off everything, including the house. Between my pension of $29,000 and Social Security, we're getting a gross of $99,000 a year in income, which is more than enough. Our current … Continue reading → The post Ask an Advisor: We Are 70 Years Old, Have $99K in Retirement Income, a $1.4M IRA and Other Investments. Is It Too Late to Convert to a Roth? appeared first on SmartAsset Blog.  ( 10 min )

The recession, inflation and COVID-19 have made a bad situation worse. Financial dependency now has aging parents living with their adult children and their adult children footing the bill for their parent's ill-planned retirement. All while also trying to raise … Continue reading → The post Enablement Could Leave you Permanently Footing the Bill for Your Entire Family appeared first on SmartAsset Blog.  ( 8 min )

Dave Ramsey’s endorsements of a time-share exit service did not make clear that he was being paid millions of dollars by the company, according to the lawsuit.  ( 22 min )

The S&P 500’s recent rally has pushed the index’s valuation multiple higher.  ( 22 min )

The former Yahoo CEO is now running the A.I. contacts platform Sunshine.  ( 8 min )

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The Competition and Markets Authority said the “deal would not lead to competition concerns in the U.K” or put rivals at a disadvantage.  ( 22 min )

(Bloomberg) -- Iran is shipping the most crude in almost five years, fortifying its re-emergence on the geopolitical stage while posing risks for a fragile global crude market.Most Read from BloombergAfrica’s Richest City Is Crumbling Under Chaos and CorruptionA Goldman Partner’s Sexually Explicit Video Led to Millions in SettlementCrispin Odey’s One-Week Downfall Was Decades in the MakingAlphabet Selling Google Domains Assets to SquarespaceSocial Security Benefits Targeted for Cuts by House Con  ( 10 min )

Virgin Galactic says it's ready to start commercial space tourism flights and consumer sentiment is expected to tick higher. Here’s what investors need to know today.  ( 17 min )

British antitrust regulators cleared Amazon’s purchase of robot vacuum maker iRobot on Friday, but the $1.7 billion deal still faces scrutiny in the United States and Europe. The Competition and Markets Authority said it decided not to escalate its initial investigation because it concluded that the deal would not result in a “substantial lessening of competition” within the United Kingdom. Amazon said it was pleased with the result.  ( 7 min )

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How Russia’s war in Ukraine paralyzed the Brics’s New Development Bank.  ( 31 min )

The winning streak has come without any apparent news or catalyst for the companies, leading several analysts and traders to point to a potential squeeze in the highly shorted stocks. For instance Nikola, which has more than doubled in value this week, has a short interest of 15.7%, according to Refinitiv. Other big gainers such as Lordstown and Workhorse Group have short interests of 15.2% and 24.3%, respectively.  ( 7 min )

Virgin Galactic (SPCE)'s shares are rocketing after the company said it was days away from sending its first commercial flight into space, following years of delays. Galactic 01 is due to fly between June 27 to June 30, carrying a team of three Ita  ( 20 min )

Britain's competition regulator on Friday cleared Amazon.com Inc's planned $1.7 billion acquisition of iRobot Corp, maker of the Roomba vacuum cleaner. The Competition and Markets Authority (CMA) said it had concluded that the deal would not lead to competition concerns in the UK. In April, the CMA had launched a "Phase 1" probe into the deal which was announced in August last year as Amazon sought to expand its stable of smart-home devices.  ( 6 min )

Oracle stock has already gotten a big lift from the generative AI trend. The company says it’s just getting started.  ( 22 min )

Adobe posts fiscal second-quarter earnings better than analysts' estimates and raises its fiscal-year outlook, Cava extends gains after surging nearly 100% in the stock's trading debut, and Virgin Galactic surges as it readies commercial spaceflights for the end of the month.  ( 22 min )

(Bloomberg) -- The S&P 500 may have entered a technical bull market last week, but Bank of America Corp.’s Michael Hartnett say it’s not the start of a new major rally in equities.Most Read from BloombergA Goldman Partner’s Sexually Explicit Video Led to Millions in SettlementSocial Security Benefits Targeted for Cuts by House ConservativesStock Rally Is Deepening Beyond AI-Fueled Craze: Markets WrapAlphabet Selling Google Domains Assets to SquarespaceThe strategist who correctly predicted the s  ( 8 min )

Here is your Pro Recap of the biggest analyst cuts you may have missed since yesterday: downgrades at SoFi Technologies, Mersana, Zions, and RPC, and initiation at MSCI. Piper Sandler adjusted its rating to Neutral from Overweight with a price target of $8.00 (from $6.50). Meanwhile, BofA Securities downgraded the company to Neutral from Buy with a price target of $10.00 (from $9.50).  ( 7 min )

(Bloomberg) -- It was a rare public appearance by the head of the billionaire Perrodo family’s multinational oil company.Most Read from BloombergSocial Security Benefits Targeted for Cuts by House ConservativesA Goldman Partner’s Sexually Explicit Video Led to Millions in SettlementStock Rally Is Deepening Beyond AI-Fueled Craze: Markets WrapUS Submarine Damaged in South China Sea Won’t Return Until 2026 as Shipyards Are CloggedWorkers Resisting the Office Grind Are Suddenly Lonely at HomeBenoit  ( 9 min )

Shares of onshore drillers have fallen steeply after a wave of recent rig idlings, which investors fear could signal a coming drop in oil demand amid a slowing economy.  ( 28 min )

Your balance is likely up, but there are reasons to resist the urge to peek at your retirement savings.  ( 28 min )

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A market is where two parties, usually buyers and sellers, can gather to facilitate the exchange of goods and services.  ( 25 min )

Retail banking consists of basic financial services, such as checking and savings accounts, among others, that are sold to the general public via local branches.  ( 23 min )

If you're planning to retire in 2024 or 2025, a fixed-rate CD paying 5.25% APY (or more) could help your cash savings grow faster so you're financially prepared.  ( 17 min )

The Federal Reserve is keeping interest rates high, and banks are offering some of their best rates on CDs in years.  ( 15 min )

Investors couldn’t keep up the momentum from this week’s Fed rates news, but the Dow Jones Industrial Average still moved higher for the third-straight week  ( 17 min )

A credit card balance transfer can be a way to pay off your credit card debt more quickly while also saving on interest. But there are some risks.  ( 23 min )

Markets closed lower for the day, higher for the week on lower inflation, expectations the Fed may be pause or halt interest rate hikes.  ( 16 min )

Series I US savings bonds (I bonds) bought before Nov. 1, 2023, pay a guaranteed 4.30% for six months. Or you could open a 6-month CD that pays 5.65%. Which makes the most sense in the long run?  ( 18 min )

DraftKings made a $195 million cash bid for the U.S. assets of PointsBet, a higher offer than Fanatics.  ( 16 min )

Just what does a financial advisor do? A lot, in fact. And any potential client should do their due diligence and come prepared with questions.  ( 31 min )

A deposit slip is a paper form that a bank customer includes when depositing funds into a bank account. It cites the depositor's account number and the amount deposited  ( 21 min )

GE generates most of its profit and revenue through its aviation segment.  ( 21 min )

The University of Michigan's Consumer Sentiment Index rose in June to its highest level in four months as inflation eased.  ( 16 min )

On the heels of the pandemic, the Fed has been battling decades-high inflation with aggressive rate hikes, and driving savings account rates to almost 16-year highs.  ( 18 min )

Gold ETFs and gold futures are two ways to diversify into the metals asset class, but there are significant differences between the two investment vehicles.  ( 26 min )

Sure, online-only banks are offering great interest rates on high-yield savings accounts and certificates of deposit these days, but how safe is your money?  ( 14 min )

A broad-based index is designed to reflect the movement of the entire market—one example of a broad-based index is the Dow Jones Industrial Average.  ( 21 min )

A capital stock insurance company is an insurer that gets capital from stockholder contributions, in addition to other reserve or surplus accounts.  ( 20 min )

See what today's top nationwide rate is for every CD term, and how it compares to the previous business day's top rate. We collect data from more than 200 financial institutions.  ( 18 min )

Regulation Best Interest (BI) is an SEC rule that requires broker-dealers to recommend only products that are in their customers' best interests.  ( 24 min )

Unique characteristics are included in the balance sheet and income statement of a bank's financial statements that help investors decipher how banks make money.  ( 24 min )

CDs offer a conservative investment for a set number of months or years. Marcus offers competitive CD rates on a variety of terms.  ( 19 min )

Investment banks participate in trade financing activities while merchant banks often expand into securities underwriting.  ( 20 min )

A quartile is a statistical term describing a division of a data set into four equal intervals.  ( 21 min )

The Consumer Price Index rose 4% over 12 months in May, down more than half from the 9.1% inflation peak logged less than a year ago in June 2022 and its lowest since March 2021.  ( 18 min )

U.S. equities were little changed at midday on Friday, June 16, 2023, but on track for a winning week heading into the long holiday weekend.  ( 16 min )

A paid tax preparer can provide expert advice and save you time, but doing your own taxes with the help of software will save you money.  ( 25 min )

U.K. regulators approved Amazon's $1.7 billion purchase of Roomba vacuum maker iRobot.  ( 16 min )

With the Federal Reserve keeping interest rates steady, robo-advisors are able to continue to offer some of the highest rates on cash accounts.  ( 18 min )

A 'boiler room operation' uses high-pressure sales tactics to cold call clients and then push them to buy risky, intransparent penny stocks. Know how to spot one, and beware.  ( 17 min )

Adobe posted record Q2 revenue as its use of AI boosted demand.  ( 16 min )

Aftermarket performance is the variation in the price level of a newly issued stock during a period after its initial public offering (IPO).  ( 22 min )

Upstream and downstream oil and gas production refers to a company's location in the supply chain.  ( 21 min )

Investor perception of a company's value can create money—and make it disappear into thin air. Here's a look at some drivers of price and how gains and losses occur.  ( 23 min )

An independent agent can sell the insurance or financial products of several carriers and is not captive to just their direct employer's products.  ( 20 min )

Yields for the top cash reserve accounts, CDs, savings accounts, and MMAs are at multi-year highs. The best choice for your savings likely comes down to the differences between these kinds of accounts.  ( 20 min )

There is no limit on how many CDs you can open, and it may be wise to open multiple with varying maturities as a CD ladder. But remember: CDs require you to lock up your money, or pay a penalty.  ( 17 min )

Property-based investments are the most common kind of holding within a special purpose vehicle, or SPV, and they help the parent company.  ( 19 min )

The average rate for a new purchase 30-year fixed mortgage ticked up just 1 basis point on Thursday to 7.14%. Other rates were mixed, with increases and decreases across loan types.  ( 20 min )

Shares of Virgin Galactic surged after announcing it would begin to offer commercial space tourism services in late June.  ( 16 min )

A merchant account is a business bank account allowing companies to accept payments and pay bills.  ( 21 min )

A variable rate certificate of deposit (CD) has a fixed term but an interest rate that changes based on various economic conditions over time. Variable rate CDs make sense when interest rates rise but can become a trap when rates fall.  ( 16 min )

Hazard insurance protects a property owner against damage caused by fires, severe storms, earthquakes, or other natural events.  ( 21 min )

CDs are offering tempting rates of over 5.00% right now. Anyone who wants to invest their savings to meet specific financial goals and beat inflation should buy CDs right now.  ( 18 min )

The appraisal approach is a procedure for determining an asset's value using an appraisal, rather than market transaction pricing.  ( 19 min )

Suggestive selling is a sales technique in which the customer is asked if they want to include a supplemental item or service with a purchase.  ( 20 min )

Asset management giant BlackRock filed an application with the Securities and Exchange Commission for a spot Bitcoin ETF using Coinbase for custody. If approved, it would be the first product of its kind in the U.S.  ( 18 min )

The best CDs now allow savers to lock in interest rates above 5%. How does this stack up against the S&P 500 this year?  ( 16 min )

Understand what kind of net interest margin is typical for financial institutions, and discover why net income margin doesn't tell the whole story.  ( 20 min )

Virgin Galactic says it's ready to start commercial space tourism flights and consumer sentiment is expected to tick higher. Here’s what investors need to know today.  ( 18 min )

Bank credit is the total amount of credit available to a business or individual to borrow from a banking institution.  ( 22 min )

Find out more about the capital adequacy ratio, or CAR, and the minimum capital adequacy ratio that banks must attain under Basel III.  ( 22 min )

Direct deposit is the deposit of electronic funds directly into a bank account. It offers a predictable process for funds transfer.  ( 23 min )

Brexit refers to the U.K.'s withdrawal from the European Union after voting to do so in a June 2016 referendum.  ( 49 min )

An original equipment manufacturer (OEM) provides components for another company's product and works closely with the seller of the finished product.  ( 23 min )

Amgen produces drugs to treat several conditions and markets them worldwide. Learn its revenue-earning structure and how it makes money.  ( 20 min )

Markets closed lower for the day, higher for the week on lower inflation, expectations the Fed may be pause or halt interest rate hikes.  ( 1 min )

Investors couldn’t keep up the momentum from this week’s Fed rates news, but the Dow Jones Industrial Average still moved higher for the third-straight week  ( 1 min )

U.S. equities were little changed at midday on Friday, June 16, 2023, but on track for a winning week heading into the long holiday weekend.  ( 1 min )

Virgin Galactic says it's ready to start commercial space tourism flights and consumer sentiment is expected to tick higher. Here’s what investors need to know today.  ( 1 min )

DraftKings made a $195 million cash bid for the U.S. assets of PointsBet, a higher offer than Fanatics.  ( 1 min )

Adobe posted record Q2 revenue as its use of AI boosted demand.  ( 1 min )

U.K. regulators approved Amazon's $1.7 billion purchase of Roomba vacuum maker iRobot.  ( 1 min )

Shares of Virgin Galactic surged after announcing it would begin to offer commercial space tourism services in late June.  ( 1 min )

De luchtvaartbranche wil dat Europese overheden meer belastinggeld steken in het beperken van de CO2-uitstoot van vliegtuigen. Sprekers op een panel voorafgaand aan de Paris Air Show van volgende week waarschuwden vrijdag dat Europa achterop dreigt te raken bij de Verenigde Staten.  ( 4 min )

De kans is groot dat de leraren in het onderwijs na de zomervakantie gaan staken. Het kabinet weigert voorlopig aan de eisen van de vakbonden te voldoen en is niet bereid tot een loonsverhoging van 12 procent.  ( 3 min )

Het kabinet trekt nog eens 900 miljoen euro uit, zodat ook lage- en middeninkomens hun woning kunnen verduurzamen. Zij kunnen dan via een renteloze lening bijvoorbeeld een warmtepomp aanschaffen.  ( 3 min )

Bijna negenduizend Reddit-fora gingen begin deze week op zwart. Twee dagen was het idee. Om te protesteren tegen plotselinge kosten waarmee onafhankelijke ontwikkelaars vanaf juli worden opgezadeld. Ruim de helft van de fora is vijf dagen later nog steeds dicht. En Reddit-topman Steve Huffman is niet van plan iets te veranderen aan zijn plannen.  ( 4 min )

De Europese Centrale Bank (ECB) zal de rente na de zomer mogelijk verder verhogen om de hoge inflatie in de eurozone tegen te gaan. Dat zegt president Joachim Nagel van de Bundesbank.  ( 3 min )

Een groep van ruim tweehonderd Fransen klaagt Philips aan vanwege de gebreken in de slaapapneuapparaten. In de aanklacht wordt het bedrijf onder meer beschuldigd van doodslag, misleiding en het in gevaar brengen van levens.  ( 3 min )

Nederlandse beleggers kunnen vanaf medio volgende maand niet meer beleggen in digitale valuta via Binance. Het grootste cryptoplatform ter wereld biedt zijn diensten in ons land vanaf dan niet langer aan, omdat het ondanks meerdere pogingen geen vergunning krijgt van toezichthouders.  ( 3 min )

FNV vindt dat personeel van sociale werkplaatsen ongelijk wordt behandeld en stapt daarom naar het College voor de Rechten van de Mens. De vakbond en de medewerkers willen een hoger loon, maar de gemeenten bieden dat nog niet.  ( 3 min )

Onze economie groeit sinds 2019, maar Nederlanders zijn niet tevredener geworden. Onder meer ons geluk, onze woonsituatie en onze gezondheid gingen er niet op vooruit, stellen de Universiteit Utrecht en Rabobank op basis van onderzoek naar de 'brede welvaart'.  ( 3 min )

KLM en andere luchtvaartmaatschappijen hebben een alternatief plan ingediend om de overlast van vliegtuigen rondom Schiphol te verminderen. Ze willen de geluidsoverlast voor omwonenden terugdringen door nieuwe, stillere toestellen in te kopen om 's nachts mee te vliegen. Maar Schiphol zelf wil in de nacht juist dicht.  ( 4 min )

De Nederlandse productie van zonnestroom is in 2022 opnieuw enorm toegenomen. We haalden 46 procent meer elektriciteit uit zonlicht dan een jaar eerder, en zelfs drie keer zoveel als in 2019.  ( 3 min )

Bewoners uit de omgeving van Tata Steel starten een nieuwe rechtszaak tegen de provincie Noord-Holland. Zij vinden dat het provinciebestuur harder moet optreden tegen de vervuiling van de staalfabriek, meldt milieuorganisatie MOB.  ( 3 min )

Werknemers in het onderwijs willen een hoger salaris. De onderwijsvakbonden hebben een ultimatum gesteld dat vrijdag afloopt. Wat is er aan de hand?  ( 3 min )

Trends come and go but the latest craze to take Wall Street by storm is proving quite persistent. AI hype has been all the rage this year and stocks with exposure to generative AI and LLMs (large language models) have been reaping the benefits. So much so, that Wall Street’s best analyst thinks it’s time to change tune on many of them. Surveying the SemiCap space, Needham analyst Quinn Bolton is confronted by a plethora of names boasting lofty valuations with little room left to run from here. “  ( 10 min )

New Vanguard data released Thursday shows that 401(k) balances plummeted in 2022, primarily due to the "decrease in equity and bond markets" over the year.  ( 7 min )

(Bloomberg) -- Rivian Automotive Inc. is rapidly ramping up production of its electric SUV, which the company’s chief financial officer says is on track to overtake output of the startup’s plug-in pickup this quarter.Most Read from BloombergSocial Security Benefits Targeted for Cuts by House ConservativesA Goldman Partner’s Sexually Explicit Video Led to Millions in SettlementStock Rally Is Deepening Beyond AI-Fueled Craze: Markets WrapUS Submarine Damaged in South China Sea Won’t Return Until 2  ( 7 min )

(Bloomberg) -- Nikola Corp. founder Trevor Milton called for leadership change at the electric-truck maker and urged shareholders to vote against upcoming company-backed proposals in his first social-media posts in years.Most Read from BloombergSocial Security Benefits Targeted for Cuts by House ConservativesBiggest Losers of AI Boom Are Knowledge Workers, McKinsey SaysUS Submarine Damaged in South China Sea Won’t Return Until 2026 as Shipyards Are CloggedNYC’s Rent Surge Defied by New Grads Pur  ( 7 min )

The U.S. economy boomed and now, it's time to bust, Deutsche Bank says. The investment bank sees 100% chance of U.S. recession this year. Here's why.  ( 7 min )

(Bloomberg) -- The gravity-defying bull market is handing stock investors a fresh conundrum as an unusually big pile of options expires Friday: Chase gains via bullish derivatives or hedge with bearish bets?Most Read from BloombergSocial Security Benefits Targeted for Cuts by House ConservativesBiggest Losers of AI Boom Are Knowledge Workers, McKinsey SaysStock Rally Is Deepening Beyond AI-Fueled Craze: Markets WrapUS Submarine Damaged in South China Sea Won’t Return Until 2026 as Shipyards Are  ( 9 min )

Adobe Inc surpassed Wall Street estimates for quarterly results and forecast on Thursday as the Photoshop maker's efforts to drive up demand with generative artificial intelligence (AI) integrations paid off. Shares of the San Jose, California-based company rose more than 5% in aftermarket trading. Adobe's spree to boost AI innovation has been evident by AI features being introduced into Acrobat, Express, Photoshop and Premiere Pro.  ( 7 min )

Legendary investor Warren Buffett, an ardent supporter of Apple Inc. stock, has highlighted the company’s exceptionally devoted customer base as a key factor in his admiration. According to Buffett, iPhone users display such unwavering brand loyalty that they would not permanently part ways with their phones even if offered $10,000. Don't Miss: Why Silicon Valley Elites Are Betting On This Startups Vision For Re-Uniting American Families Berkshire Hathaway Inc., the investment conglomerate Buffe  ( 8 min )

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If you have a CD that's about to mature, you need to tell the bank what you want done with your funds. If you don't, you may not like the results you get stuck with.  ( 20 min )

The stock, rising in value toward $3 trillion, is one reason why the S&P 500 is up 15% so far this year. That makes the valuation worthy of a close look.  ( 25 min )

Kevin Lansberry of Disney parks is appointed interim CFO effective July 1.  ( 27 min )

Cava’s executive team—including the CEO, CFO, and chief concept officer—also have stakes now worth millions.  ( 7 min )

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Billionaire investor Charlie Munger has been vocal in expressing his concerns about U.S. healthcare, stating that it is "shot through with rampant waste" and has become "immoral." Don't Miss: Why Silicon Valley Elites Are Betting On This Startup’s Vision For Reuniting American Families Munger says there are substantial problems that need to be addressed, including the presence of unnecessary costs and inefficiencies that plague the medical field. Drawing a vivid analogy at a Daily Journal Annual  ( 7 min )

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The S&P 500’s recent rally has pushed the index’s valuation multiple higher.  ( 22 min )

AT&T is yanking thousands back to the office. Some of its workers think that has nothing to do with productivity.  ( 9 min )

(Bloomberg) -- Federal Reserve Bank of Atlanta President Raphael Bostic made multiple trades leading up to the central bank’s meeting last May, revealing additional transgressions of the central bank’s trading rules that have since been disclosed and are under investigation.Most Read from BloombergBiggest Losers of AI Boom Are Knowledge Workers, McKinsey SaysSocial Security Benefits Targeted for Cuts by House ConservativesNYC’s Rent Surge Defied by New Grads Pursuing a TikTok LifestyleUS Submari  ( 7 min )

California would like to crack down on a type of trust that lets the very wealthy avoid state income and federal gift taxes. And the Golden State is not alone: A number of state officials have taken aim at the … Continue reading → The post California Takes Aim at Tax Loophole for State's Richest appeared first on SmartAsset Blog.  ( 10 min )

Cecile de Jongh arranged visas for Epstein’s alleged victims and asked him for political donations, court filings show.  ( 36 min )

Electric-vehicle maker Tesla is offering three months of supercharging on Model 3 sedans bought from existing inventory. That might signal weak demand, and investors should consider insurance.  ( 22 min )

State-controlled energy giant Rosneft is close to locking in buyers in what could be the largest oil and refined fuels tender since the start of the war in Ukraine.  ( 30 min )

Nvidia Corp (NASDAQ: NVDA), Advanced Micro Devices, Inc (NASDAQ: AMD), and peers are trading lower Thursday amid reports of U.S. legislation eliminating Section 230 immunity for AI companies. The law would allow the prosecution of social media companies for claims based on emerging generative AI technology, Reuters reports. Republican Josh Hawley and Democrat Richard Blumenthal expected the bill to create an AI carve-out to Section 230, a law that shields internet companies from liability for th  ( 7 min )

Cava (CAVA) on Thursday made its public debut on the New York Stock Exchange.  ( 8 min )

The Mediterranean-style restaurant chain’s shares nearly doubled from the IPO price.  ( 29 min )

(Bloomberg) -- The relentless rally in equities faces a fresh threat over the next few weeks with the world’s biggest money managers set to unload as much as $150 billion of stocks.Most Read from BloombergBiggest Losers of AI Boom Are Knowledge Workers, McKinsey SaysSocial Security Benefits Targeted for Cuts by House ConservativesNYC’s Rent Surge Defied by New Grads Pursuing a TikTok LifestyleUS Submarine Damaged in South China Sea Won’t Return Until 2026 as Shipyards Are CloggedTrump Urges Pros  ( 7 min )

As the EV revolution took the automotive industry, Toyota Motor (OTC: TOYOF) stubbornly sticked to its beliefs that hydrogen will power the future in which hybrids will be on the roads. For a decade, Toyota sat idly while Tesla Inc (NASDAQ: TSLA) sparked the EV revolution that is now in full swing. But, we the new CEO at the helm, Toyota is finally waking up to the EV reality. A Battery Breakthrough Without offering any technical details Toyota announced this week it achieved a breakthrough in b  ( 8 min )

(Bloomberg) -- Defying the odds, the world’s most important stock market has recouped all losses caused by the most disruptive monetary-tightening campaign in a generation. Most Read from BloombergBiggest Losers of AI Boom Are Knowledge Workers, McKinsey SaysSocial Security Benefits Targeted for Cuts by House ConservativesNYC’s Rent Surge Defied by New Grads Pursuing a TikTok LifestyleUS Submarine Damaged in South China Sea Won’t Return Until 2026 as Shipyards Are CloggedTrump Urges Prosecutors  ( 9 min )

(Bloomberg) -- First Quantum Minerals Ltd. recently rebuffed an informal takeover approach from Barrick Gold Corp., the world’s second-largest producer of the precious metal, as miners scour the globe for deals, people with knowledge of the matter said.Most Read from BloombergBiggest Losers of AI Boom Are Knowledge Workers, McKinsey SaysNYC’s Rent Surge Defied by New Grads Pursuing a TikTok LifestyleSocial Security Benefits Targeted for Cuts by House ConservativesTrump Urges Prosecutors to Drop  ( 8 min )

Shares of financial-services firm SoFi have more than doubled so far this year. Oppenheimer analyst Dominick Gabriele downgraded shares to Perform from Outperform.  ( 22 min )

(Bloomberg) -- A Goldman Sachs Group Inc. partner agreed to pay several million dollars to a woman to resolve a complaint so sensitive it was handled at the highest levels of the firm.Most Read from BloombergBiggest Losers of AI Boom Are Knowledge Workers, McKinsey SaysNYC’s Rent Surge Defied by New Grads Pursuing a TikTok LifestyleSocial Security Benefits Targeted for Cuts by House ConservativesTrump Urges Prosecutors to Drop Case, Offers Defense PreviewElizabeth Holmes Objects to $250-a-Month  ( 8 min )

The move comes after a brutal month for the big-box retailer.  ( 22 min )

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Everything in the stock market revolves around risk and reward. It’s a fair equation – the higher the risk, the bigger the reward. And for those with the stomach for such shenanigans, penny stocks – traditionally, tickers trading for less than $5 a piece – are the go-to segment. Given the capacity for huge returns, the inverse also holds true: these are risky bets, and the intrepid investor must tread carefully – as much as these names can gain in a short span of time, the losses can pile up jus  ( 10 min )

Nasdaq futures are leading US stocks lower early on Thursday, as investors weigh the Fed's plan for two more hikes.  ( 7 min )

Vladimir Putin has signed a secret decree to seize the assets of Western companies and make it harder for them to leave Russia.  ( 6 min )

Freeport stands to gain from the move to alternative energy—and it has the strongest balance sheet of any copper miner.  ( 22 min )

Evercore ISI strategist Julian Emanuel looked for stocks “the last buyers have yet to buy.” High short interest is one factor.  ( 22 min )

Saving $1 million (or more) for retirement is a great goal to have. Putting that much aside could make it easier to live your preferred lifestyle when you retire, without having to worry about running short of money. However, not … Continue reading → The post What Percentage of Retirees Have a Million Dollars? appeared first on SmartAsset Blog.  ( 10 min )

I am approaching the time when I'll take required minimum distributions (RMDs) from my individual retirement account (IRA). I am in a quandary about what I can do with this anticipated largesse of cash. I do not necessarily need the … Continue reading → The post Ask an Advisor: I Don't Need Them ‘Dumped Into My Checking Account.' What Can I Do With RMDs? appeared first on SmartAsset Blog.  ( 8 min )

Wondering how your retirement savings stack up to other Americans' nest eggs? Or whether your income in your post-work years will be enough to keep you afloat? It's normal to be curious about the average retirement income in the U.S. … Continue reading → The post What Is the Average Retirement Income? appeared first on SmartAsset Blog.  ( 8 min )

How much money can I give to my son and daughter-in-law without incurring a tax issue with the IRS? -Irwin For 2023, you can give your son and daughter-in-law each $17,000 without having to deal with the IRS. But even … Continue reading → The post Ask an Advisor: I Want to Give Money to My Son and Daughter-in-Law. How Much Money Can I Give Away Without ‘Incurring a Tax Issue With the IRS?' appeared first on SmartAsset Blog.  ( 9 min )

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Why hire a financial advisor who will take around 1% percent of your assets per year when you can get a certificate of deposit (CD) at over 5% with no fee? That alone amounts to a 6% return on your … Continue reading → The post Ask an Advisor: ‘Prove Me Wrong.' I Think Investing in CDs Is a Better Deal Than Working With an Advisor appeared first on SmartAsset Blog.  ( 9 min )

Unless you're extremely rich or poor, you probably think of yourself as being part of the "middle class." As you're probably aware, "middle class" is an income level that describes people whose annual income is directly in the middle 50% … Continue reading → The post What Is Middle Class Income in the U.S.? appeared first on SmartAsset Blog.  ( 8 min )

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The electric-vehicle maker's streak was snapped at 13 consecutive days on Wednesday. Still, shares are up about 40% over the past 14 trading sessions.  ( 22 min )

The U.S. airline’s stock climbed for a record 14th day Wednesday as optimism over a bumper summer travel season continued to rise.  ( 22 min )

Federal Reserve Chairman Jerome Powell dashes hopes for any rate cuts in the foreseeable future.  ( 22 min )

XPeng is the first company to roll out an advanced driver-assistance system in Beijing after it was approved for use on major ring roads and expressways in the capital city.  ( 22 min )

Jason Jiang watched his brokerage account in awe this summer as shares of Nvidia soared. The 18-year-old-college student says he’s been stashing away cash in [big tech stocks](https://www.wsj.c  ( 27 min )

Fiscal first-quarter profit at the grocer beats analysts' expectations but sales miss slightly.  ( 22 min )

The resumption of the payout reflects Delta's progress on its three-year financial plan, the company said. The move comes as Delta forecast that strong summer travel demand will result in higher-than-expected profit for the quarter through June.  ( 6 min )

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↗️ JD.com (JD), Alibaba (BABA), Baidu (BIDU): Shares in the three Chinese tech companies all rose more than 4% in Asia after China's central bank [cu  ( 19 min )

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Nasdaq futures are leading US stocks lower early on Thursday, as investors weigh the Fed's plan for two more hikes.  ( 8 min )

Federal Reserve Chairman Jerome Powell dashes hopes for any rate cuts in the foreseeable future.  ( 22 min )

(Bloomberg) -- Venezuela, the beleaguered oil giant that’s become South America’s poorest nation, sees an economic lifeline beneath the warm and cerulean waters of the Caribbean.Most Read from BloombergBiggest Losers of AI Boom Are Knowledge Workers, McKinsey SaysElizabeth Holmes Objects to $250-a-Month Victim Payments After PrisonTrump Urges Prosecutors to Drop Case, Offers Defense PreviewNYC’s Rent Surge Defied by New Grads Pursuing a TikTok LifestyleKen Griffin Ramps Up Credit Bets, Anticipat  ( 10 min )

The Supreme Court is set to consider whether income must received, or realized, before it can be taxed—with far-reaching implications for current and proposed tax laws.  ( 28 min )

Lennar's earnings and revenue top expectations, XPeng gets approval for assisted-driving technology in Beijing, and Adobe reports earnings Thursday.  ( 22 min )

It’s the first company to roll out an advanced driver-assistance system (ADAS) in Beijing, after it was approved for use on major ring roads and expressways in the capital city.  ( 22 min )

Saudi Arabia’s move to reduce crude output was designed to prop up global oil markets. The past week has shown how difficult that will be. **Prices have fallen in four of the past five s  ( 20 min )

Freeport stands to gain from the move to alternative energy—and it has the strongest balance sheet of any copper miner.  ( 22 min )

The stock has soared on news about the company's plans for generative artificial intelligence. The status of its deal for Figma is another point to watch.  ( 22 min )

(Bloomberg) -- Applied Materials Inc. is suing a Chinese-owned rival over what it says was a 14-month effort to steal some of its most valuable secrets, allegedly including an orchestrated employee-poaching spree and surreptitious transfers of semiconductor equipment designs.Most Read from BloombergBiggest Losers of AI Boom Are Knowledge Workers, McKinsey SaysElizabeth Holmes Objects to $250-a-Month Victim Payments After PrisonTrump Urges Prosecutors to Drop Case, Offers Defense PreviewNYC’s Ren  ( 10 min )

Higher-than-expected production and concern about slowing demand have been weighing on crude.  ( 28 min )

A higher difficulty reading indicates it is more competitive to mine Bitcoin, reducing profit. The network’s hashrate also increased to a record high.  ( 7 min )

A sluggish economy experiences slow or no growth. The term can refer to the economy as a whole or a component of it.  ( 21 min )

For traders who want a mix of technical analysis with their own control in decisions, price action trading offers the perfect fit. Here's how it works.  ( 22 min )

New indications is a term used to refer to evidence signifying that there may be new applications for an existing drug or procedure.  ( 18 min )

An email money transfer (EMT) is a banking service offered to Canadian residents that allows users to transfer funds between accounts using email and their online banking service.  ( 19 min )

Market anomalies are mysterious and often unpredictable. These seven tradeable market anomalies may work in a savvy investor's favor.  ( 21 min )

There is a grace period for cashing checks, but depositors and issuers risk overdraft fees if a late check shows up unexpectedly. Learn more about when checks expire.  ( 22 min )

Some high-yield checking accounts offer ultra-high interest rates if you jump through hoops every month. But given today's high savings rates, it may not be worth it.  ( 19 min )

If you have a CD that's about to mature, you need to tell the bank what you want done with your funds. If you don't, you may not like the results you get stuck with.  ( 18 min )

A personal financial advisor is a professional who provides financial advice and services to clients according to their specific needs.  ( 23 min )

See what today's top nationwide rate is for every CD term, and how it compares to the previous business day's top rate. We collect data from more than 200 financial institutions.  ( 18 min )

The Maldivian rufiyaa (MVR) is the national currency of the Republic of the Maldives.  ( 18 min )

Certificates of deposit (CDs) can be a great financial tool to get a guaranteed return on your investment. Compare Fidelity CD rates and see if they are right for you.  ( 20 min )

The Dow Jones Industrial Average rose 1.3%, or about 430 points, after retail sales data showed Americans are still upping their spending, a sign of resilience amid slowing inflation.  ( 17 min )

Gross profit, operating profit, and net income are located on a company's income statement, and the order in which they appear shows their relationship.  ( 22 min )

These funds are a relatively new product to most investors, but they could be what you need for increased returns.  ( 23 min )

Investors' enthusiasm for tech stocks and optimism that the Fed will slow rate hikes lifts markets.  ( 16 min )

A liability-driven investment involve assets that are intended to provide the cash flow to pay a financial obligation, such as that of pension funds to their retirees.  ( 21 min )

Shares of Mediterranean fast-casual restaurant chain CAVA skyrocketed in their first day of trading on the NYSE.  ( 16 min )

If your debt is unmanageable, you might be considering debt relief. Learn what debt relief is, where to find it, how to apply, and what the alternatives are.  ( 19 min )

Dealing with debt and managing your budget can feel daunting and overwhelming. Learn how to find a credit counselor who can help you gain control of your money.  ( 20 min )

Kroger sales missed estimates, and its outlook was at the low end of expectations as customers watched how much they spend.  ( 16 min )

A distributed ledger is a database that is consensually shared and synchronized across multiple sites, institutions, or geographies.  ( 19 min )

Assets under management (AUM) is the total market value of the investments that a person (portfolio manager) or entity (investment company, financial institution) handles on behalf of investors.  ( 21 min )

Groupon is known for offering discount coupons and vouchers for a variety of retailers and services  ( 21 min )

The standoff earlier this month could have quickly changed economic conditions, potentially leading the Fed in a different direction on interest rates.  ( 17 min )

Learn about this type of Roth conversion from a 401(k) and why the House-passed Build Back Better Bill wants to limit—and eventually end—this option.  ( 24 min )

LGBTQ+ people often face discrimination that creates barriers to accessing credit and having a high credit score, which can make it more difficult to achieve financial stability and build savings and wealth.  ( 24 min )

For federal student loan borrowers facing the resumption of payments in October, today’s high interest rates present an opportunity: if you have extra money, should you pay down your loan faster, or would it be better to put it into a certificate of deposit or similar fixed income investment?  ( 18 min )

U.S. equities advanced at midday on June 15, 2023 as tech stocks climbed after the Fed paused rate hikes.  ( 16 min )

Considering a new certificate of deposit (CD) account? Learn more about Truist Bank’s CD, its terms, rates, account features, and early withdrawal penalties.  ( 19 min )

Inflation is a decrease in the purchasing power of money, reflected in a general increase in the prices of goods and services in an economy.  ( 36 min )

Charles Schwab savings account interest rates are higher than the national average, and it doesn’t have monthly fees or minimum deposit requirements.  ( 19 min )

With 10 interest rate hikes since March 2022, savings rates have risen dramatically. Have they peaked or can they keep rising?  ( 18 min )

Custodial accounts have special tax benefits and allow you to build savings for a beneficiary. Learn how much they cost and if they might be a wise strategy for you.  ( 20 min )

CFOs have a more pessimistic view of the North American economy in Q2 2023 than they did in Q1, according to a survey by Deloitte.  ( 16 min )

You can earn a higher-than-average APY with a TD Bank savings account. But TD Bank only offers the highest interest rates on accounts with high balances.  ( 19 min )

Through Lending Club’s high-yield savings accounts, you can earn a higher-than-average APY with no monthly service fees. All you need to get started is $100.  ( 19 min )

The European Central Bank raised interest rates to the highest level in 22 years to curb inflation a day after the Federal Reserve decided to pause hikes.  ( 16 min )

As interest rates have risen since 2022 amid the Federal Reserve’s campaign of anti-inflation rate hikes, so too has the number of Investopedia readers who said they’re investing in CDs.  ( 15 min )

Dividend drag is the delay in reinvesting dividends in a unit trust or ETF, which can cause the investor to pay higher prices in a rising market.  ( 19 min )

While the Fed hit a pause on rates for now and hasn't ruled out more hikes, it is clear that rates aren't going down anytime soon. That makes it a good time to lock in a high CD rate.  ( 17 min )

The average rate for a new purchase 30-year fixed mortgage was back up on Wednesday, sitting at 7.13%, 6 basis points higher than Tuesday, and in line with where it was June 1.  ( 20 min )

Following a decision by the Federal Reserve to stand fast on the federal funds rate Wednesday, investors may take a second look at brokered CDs as a way to provide more flexibility than regular CDs as a savings vehicle.  ( 17 min )

Bankruptcy can be a result of overspending or bad planning, but they can also be due to other circumstances. Learn why people are forced to file for bankruptcy.  ( 23 min )

Looking for the best place to buy and sell exchange-traded funds (ETFs)? We reviewed the best brokers for ETFs based on their selection, research, screeners, and more.  ( 30 min )

A history of the Rothschilds, a prominent German family that established banking and finance houses in Europe.  ( 25 min )

While there are plenty of good reasons to take out a personal loan, thanks in large part to their versatility, there are also a few scenarios where it might be a bad idea.  ( 22 min )

The producer price index is a monthly measure of change in the prices received by domestic producers.  ( 25 min )

Savers contemplating whether to choose a CD or a savings account should consider whether a fixed interest rate or a variable interest rate, plus other factors, is right for them.  ( 17 min )

The Consumer Price Index For All Urban Consumers measures monthly change in U.S. consumer prices.  ( 23 min )

A value chain is a series of activities or processes that aims at creating and adding value to an article at every step during the production process.  ( 25 min )

The European Central Bank is expected to keep hiking interest rates and initial jobless claims are expected to drop lower. Here’s what investors need to know today.  ( 17 min )

The Consumer Price Index (CPI) measures change over time in the prices paid by consumers for a representative basket of goods and services.  ( 32 min )

Tier 1 capital and tier 2 capital are types of assets that banks hold. Banks must hold adequate amounts of different types of capital at any given time. Learn more.  ( 22 min )

Third-party insurance, such as auto insurance, is a policy designed to protect against the actions or claims of a third party. Learn how it benefits you.  ( 23 min )

De Nederlandse productie van zonnestroom is in 2022 opnieuw enorm toegenomen. We haalden 46 procent meer elektriciteit uit zonlicht dan een jaar eerder, en zelfs drie keer zoveel als in 2019.  ( 3 min )

Investeringsmaatschappij Verlinvest wil chocoladefabrikant Tony's Chocolonely overnemen. De Belgische investeerder is in handen van de familie De Spoelberch, die groot is geworden met bierbrouwer AB InBev. Hoeveel geld met de deal is gemoeid, is niet duidelijk.  ( 3 min )

De leden van de vakbonden hebben donderdag ingestemd met het onderhandelingsresultaat tussen VDL en de bonden voor een sociaal plan bij autofabriek Nedcar in Born. Er komt een ontslagvergoeding, maar het personeel moet ook overwerken om de productieachterstand in te lopen.  ( 4 min )

KLM en andere luchtvaartmaatschappijen hebben een alternatief plan ingediend om de overlast van vliegtuigen rondom Schiphol te verminderen. Ze willen de geluidsoverlast voor omwonenden terugdringen door nieuwe, stillere toestellen in te kopen.  ( 4 min )

De leden van de vakbonden hebben donderdag ingestemd met het onderhandelingsresultaat tussen VDL en de bonden voor een sociaal plan bij autofabriek Nedcar in Born. Er komt een ontslagvergoeding, maar er moet ook overgewerkt worden om de productie in te lopen.  ( 4 min )

De rente van de Europese Centrale Bank gaat voor de achtste keer op rij omhoog en komt daarmee uit op 3,5 procent. Zo hoopt de ECB de inflatie onder de duim te krijgen. De Amerikaanse centrale bankenkoepel heeft uit angst voor een recessie de rentestijgingen juist gepauzeerd.  ( 5 min )

Investeringsmaatschappij Verlinvest wil chocoladefabrikant Tony's Chocolonely volledig overnemen. De Belgische investeerder is in handen van de familie De Spoelberch, die groot is geworden met bierbrouwer AB InBev. Hoeveel geld met de overname is gemoeid, is niet duidelijk.  ( 3 min )

Sander Schimmelpenninck en Eline Hintzen, achterkleindochter van Frits Philips, zoeken uit wat er is overgebleven van de nalatenschap van de familie Philips. In de zesde aflevering kijken ze naar hoe het misging bij Phillips. Dit is de een-na-laatste aflevering van deze serie.  ( 3 min )

De Nederlandse programmeur Bram van der K. gaat 2,5 jaar de cel in vanwege zijn betrokkenheid bij Megaupload, een website waarop bestanden gedeeld konden worden. De slepende zaak in Nieuw-Zeeland duurde elf jaar.  ( 4 min )

Het Europees Parlement wil misbruik van spionagesoftware strenger aan banden leggen. De leden roepen op tot beter onderzoek naar spywareprogramma's zoals Pegasus, zodat de veiligheid van burgers beter wordt beschermd. Ook moeten er duidelijke afspraken komen over de programma's en mogen lidstaten er geen misbruik van maken.  ( 4 min )

Trustkantoor TMF heeft een boete van ruim 3 miljoen euro opgelegd gekregen. Het kantoor is weer in de fout gegaan met een slecht uitgevoerd onderzoek naar klanten. TMF moet beter op de geldstromen van zijn cliënten letten om witwaspraktijken en financiering van terrorisme te voorkomen.  ( 3 min )

De rente van de Europese Centrale Bank gaat voor de achtste keer op rij omhoog en bereikt daarmee 3,5 procent. Zo hoopt de ECB de inflatie onder de duim te krijgen. De Amerikaanse centrale bankenkoepel heeft op dezelfde dag juist een pauze aangekondigd van de rentestijgingen, uit angst voor een recessie.  ( 5 min )

In bijna alle Europese landen stijgen de prijzen steeds minder hard. Maar Zweden was daar vorige maand een uitzondering op. Economen wijzen een opmerkelijke schuldige aan: Beyoncé.  ( 4 min )

In bijna alle Europese landen stijgen de prijzen steeds minder hard. Maar Zweden was daar vorige maand een uitzondering op. Economen wijzen een opmerkelijke schuldige aan: Beyoncé.  ( 4 min )

De bitcoin is voor het eerst in drie maanden gezakt tot onder de 25.000 dollar. Enkele uren nadat de Amerikaanse centrale bank had aangekondigd de renteverhoging tijdelijk te pauzeren, kelderde de grootste cryptomunt naar 24.800 dollar.  ( 3 min )

In bijna alle Europese landen stijgen de prijzen steeds minder hard. Maar in Zweden ging dat vorige maand minder hard dan verwacht. Economen wijzen een opmerkelijke schuldige aan: Beyoncé.  ( 4 min )

De Britse pubketen Fuller's heeft een deel van het personeelstekort opgelost door meer mensen aan te nemen die ouder zijn dan vijftig of niet eerder in de horeca hebben gewerkt.  ( 3 min )

Er trekken de laatste jaren veel miljonairs weg uit het Verenigd Koninkrijk. Vorig jaar verlieten zestienhonderd van hen het land, dit jaar verdubbelt dat aantal waarschijnlijk. Dat komt grotendeels door de Brexit.  ( 4 min )

Zeventien muziekuitgevers slepen Twitter voor de rechter. Ze eisen omgerekend ruim 230 miljoen euro van het bedrijf van Elon Musk. Op het platform zijn zeker zeventienhonderd liedjes onrechtmatig gedeeld.  ( 3 min )

De Europese Unie moet de uitstoot van broeikasgassen in 2040 met 90 à 95 procent hebben teruggedrongen ten opzichte van het niveau van 1990. Alleen zo kan de EU zich houden aan de internationale klimaatafspraken en haar "eerlijke bijdrage" leveren in de wereldwijde strijd tegen klimaatverandering, stelt een belangrijke adviseur van de Europese Commissie.  ( 6 min )

De werkloosheid in Nederland blijft laag. Hoewel het aantal mensen zonder baan in mei licht is toegenomen tot 3,5 procent, is de arbeidsmarkt nog steeds erg krap.  ( 3 min )

The Dow Jones Industrial Average rose 1.3%, or about 430 points, after retail sales data showed Americans are still upping their spending, a sign of resilience amid slowing inflation.  ( 1 min )

Investors' enthusiasm for tech stocks and optimism that the Fed will slow rate hikes lifts markets.  ( 1 min )

U.S. equities advanced at midday on June 15, 2023 as tech stocks climbed after the Fed paused rate hikes.  ( 1 min )

The European Central Bank is expected to keep hiking interest rates and initial jobless claims are expected to drop lower. Here’s what investors need to know today.  ( 1 min )

Kroger sales missed estimates, and its outlook was at the low end of expectations as customers watched how much they spend.  ( 1 min )

Shares of Mediterranean fast-casual restaurant chain CAVA skyrocketed in their first day of trading on the NYSE.  ( 1 min )

Twitter has still not paid rent on its office spaces, and Elon Musk told an advisor he would pay rent "over his dead body," according to a lawsuit.  ( 8 min )

Republicans have been clamoring to rescind billions of dollars in additional funding provided for the Internal Revenue Service as part of last year’s Inflation Reduction Act. They succeeded to an extent as part of the recent deal between House Speaker Kevin McCarthy and President Joe Biden to raise the debt limit, which also clawed back $21.4 billion from the tax agency. A new study suggests that deal could be costly. Researchers at the Treasury Department, Harvard University and The University  ( 7 min )

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The Nasdaq is even more extended despite a hawkish Fed outlook.  ( 13 min )

Year-to-date, the S&P 500 has delivered an impressive return of 14%. However, those gains are a bit deceiving as the bulk of the upside has been driven by only a few selected stocks, namely the tech Mega Caps (AAPL, MSFT, NVDA, META, AMZN). If we exclude those five stocks, the index has only advanced by 5%. While one could argue that the market is due for a cooling down period after such a rally, Goldman Sachs Chief U.S. Equity Strategist David Kostin suggests otherwise, citing past evidence. “P  ( 10 min )

The Fed hit the brakes on its rate-hiking cycle at Wednesday's meeting. Discover the implications for money market accounts.  ( 17 min )

(Bloomberg) -- Fast-casual restaurant chain Cava Group Inc. exceeded its target by raising $318 million in an initial public offering, the biggest listing on a US exchange in six weeks.Most Read from BloombergBiggest Losers of AI Boom Are Knowledge Workers, McKinsey SaysElizabeth Holmes Objects to $250-a-Month Victim Payments After PrisonTrump Urges Prosecutors to Drop Case, Offers Defense PreviewNYC’s Rent Surge Defied by New Grads Pursuing a TikTok LifestyleKen Griffin Ramps Up Credit Bets, An  ( 7 min )

“There will be banks that have concentrations, and those banks will experience larger losses,” Powell told reporters on Wednesday.  ( 7 min )

(Bloomberg) -- DoubleLine Capital’s Jeffrey Gundlach doesn’t believe the Federal Reserve will continue to raise interest rates anytime soon despite Fed Chair Jerome Powell signaling the resumption of monetary tightening. Most Read from BloombergElizabeth Holmes Objects to $250-a-Month Victim Payments After PrisonBiggest Losers of AI Boom Are Knowledge Workers, McKinsey SaysTrump Urges Prosecutors to Drop Case, Offers Defense PreviewNYC’s Rent Surge Defied by New Grads Pursuing a TikTok Lifestyle  ( 6 min )

Rates on bank accounts and CDs have already surged to their highest level in almost 16 years, and may rise further, giving you many options to earn 5% or more on your cash.  ( 22 min )

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(Bloomberg) -- Tesla Inc. shares snapped their record-setting 13-day winning streak Wednesday, as a hawkish stance from the Federal Reserve and market technicals took some steam off the rally. Most Read from BloombergElizabeth Holmes Objects to $250-a-Month Victim Payments After PrisonBiggest Losers of AI Boom Are Knowledge Workers, McKinsey SaysTrump Urges Prosecutors to Drop Case, Offers Defense PreviewNYC’s Rent Surge Defied by New Grads Pursuing a TikTok LifestyleKen Griffin Ramps Up Credit  ( 7 min )

After inflation cooled, investors are expecting a pause in the Federal Reserve's rate hiking campaign that has pushed interest rates to the highest level since 2007.  ( 6 min )

The data showing that remote workers spend fewer hours working, less productively, is really starting to add up.  ( 10 min )

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The Federal Reserve neither raised nor lowered its benchmark interest rate Wednesday meeting—putting neither upward nor downward pressure on the rates banks offer on certificates of deposit.  ( 16 min )

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'The bears may have the upper hand right now,' says Alex Kuptsikevich, an analyst at FXPro.  ( 22 min )

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Officials are likely to pause in June but signal a willingness to raise rates again to tame inflation.  ( 7 min )

Jurors in a federal court in New Jersey have awarded $25.6 million to a former regional Starbucks manager who alleged that she and other white employees were unfairly punished by the coffee chain after the high-profile 2018 arrests of two Black men at one of the chain's Philadelphia locations. Shannon Phillips won $600,000 in compensatory damages and $25 million in punitive damages on Monday after an eight-member jury decided after five hours of deliberation that race was a determinative factor in Phillips' firing, in violation of federal and state anti-discrimination laws, Law360 reports. In April 2018, a Philadelphia store manager called police on two Black men who were sitting in the coffee shop without ordering anything.  ( 8 min )

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Adding generative AI into Meta's universe will lead people to spend more time on the apps, an analyst says.  ( 22 min )

The Federal Reserve has paused its most aggressive round of interest rate rises since the 1980s.  ( 37 min )

We are a dual-income couple in our mid-50s with over $2 million in our 401(k)s. Should we "sacrifice" the pre-tax benefit and switch to Roth contributions at work? -Wendy Like most tax-related questions, the answer is "it depends." Based on … Continue reading → The post Ask an Advisor: We're in Our Mid-50s and Have $2 Million in Our 401(k)s. Should We Pivot to Roth Contributions? appeared first on SmartAsset Blog.  ( 10 min )

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EV stocks are having an AI-like trading moment.  ( 8 min )

The founder said Bitcoin could eventually make up 80% of the crypto market.  ( 8 min )

A boycott has made the beer's sales sink. Still, an analyst argues that the stock of AB InBev, which owns the Bud Light brand, has dropped too far.  ( 25 min )

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Positioning and expectations explain why the Binance case drove prices down but markets rebounded after Coinbase.  ( 9 min )

Shares of the fintech have gained more than 100% this year. BTIG says the stock has more room to run.  ( 22 min )

Berkshire Hathaway Inc., led by CEO Warren Buffett and Vice Chairman Charlie Munger, is a compound interest machine, achieving a return of about 2 million percent on its initial value — equivalent to a 20,000 to 1 ratio. Don't Miss: Why Silicon Valley Elites Are Betting On This Startup’s Vision For Reuniting American Families The men accomplished this feat was accomplished by astutely investing the company’s capital in a variety of businesses, all while exercising caution in borrowing. Having wi  ( 8 min )

Many people assume that Twitter was the reason for Jack Dorsey’s impressive fortune, but that actually isn’t the case. When Elon Musk acquired Twitter in October 2022 for $44 billion, Dorsey held a modest 2% ownership of the company’s outstanding equity, equivalent to approximately 18 million shares. Dorsey's pre-tax earnings from the Twitter sale amounted to $978 million. Don't Miss: Why Silicon Valley Elites Are Betting On This Startup’s Vision For Reuniting American Families The true source o  ( 7 min )

(Bloomberg) -- It’s time to exit the “cash trap” of money market funds and move into bonds as the Federal Reserve is set to pause its rate-hike campaign and then cut as soon as September, according to Wall Street veteran Bob Michele.Most Read from BloombergElizabeth Holmes Objects to $250-a-Month Victim Payments After PrisonInstant Pot and Pyrex Maker Instant Brands Files BankruptcyTrump Urges Prosecutors to Drop Case, Offers Defense PreviewKen Griffin Ramps Up Credit Bets, Anticipating US Reces  ( 6 min )

Everyone is always on the lookout for the best possible deal – that applies to all walks of life, be it at the supermarket, the top echelons of sport, or the investing world. That said, finding the best deal in the stock market could be a complex endeavor because, while it is probably easy to find equities priced in a low range, there might be a good reason why said names are going for cheap. Therefore, a little help in discerning which stocks are just not worth the time of day and which ones ar  ( 9 min )

My wife and I are both 65 years old. She will retire this year and I'll work until I'm 67. We'll get about $42,000 in Social Security and have about $1 million in savings. Can we live on $90,000 per … Continue reading → The post Ask an Advisor: We're 65, Have $1 Million Saved and $42K in Social Security Benefits. Can We Live on $90K Per Year? appeared first on SmartAsset Blog.  ( 8 min )

Retirees can now earn money for life by giving some of their IRA savings to charity.  ( 23 min )

(Bloomberg) -- Charles Schwab Corp. expects its revenue to slide as much as 11% in the second quarter compared to a year earlier, the company’s Chief Financial Officer Peter Crawford said in a statement Wednesday.Most Read from BloombergElizabeth Holmes Objects to $250-a-Month Victim Payments After PrisonInstant Pot and Pyrex Maker Instant Brands Files BankruptcyTrump Urges Prosecutors to Drop Case, Offers Defense PreviewKen Griffin Ramps Up Credit Bets, Anticipating US RecessionPutin’s Economic  ( 7 min )

Yale's Sonnenfeld and Tian retrace presidential hopeful Vivek Ramaswamy's business record.  ( 10 min )

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Healthcare stocks are having a chaotic morning on expectations that seniors are seeking out elective medical care in greater numbers after a post-pandemic lull. Health insurers that pay for care are down, while providers are rising. Here’s what you need to know. UnitedHealth Group executives sai  ( 21 min )

Anheuser-Busch InBev's Bud Light has lost its top spot in the U.S. beer market to Constellation Brands' Modelo Especial, following a backlash from conservatives over a social media promotion with transgender influencer Dylan Mulvaney. Sales of Bud Light and Budweiser dropped 24.6% and 9.2%, respectively, for the four weeks ended June 3 from a year earlier, while Modelo Especial sales rose 10.2%, according to consulting company Bump Williams, which sources data from NielsenIQ. In May, AB InBev CEO Michel Doukeris said it was too early to have a full view of the impact due to the backlash.  ( 7 min )

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When you retire or reach a certain age, there might be certain things you no longer have to do. You might get to skip the commute or qualify for some great discounts. But no matter your age, you don't get … Continue reading → The post Do Seniors Ever Stop Filing Taxes? appeared first on SmartAsset Blog.  ( 9 min )

Paying for a nursing home can seriously deplete your retirement savings. The government-funded Medicaid program can pay some or all nursing home costs, but it's restricted to people of very limited financial means. You may be able to qualify for … Continue reading → The post Does an Irrevocable Trust Protect Assets from Nursing Homes? appeared first on SmartAsset Blog.  ( 8 min )

Some people who already receive Social Security benefits are automatically enrolled in Medicare when they turn 65. That's not the case for everyone, though. People who haven't started collecting Social Security will need to register for Medicare, but signing up … Continue reading → The post Are You Automatically Enrolled in Medicare at Age 65? appeared first on SmartAsset Blog.  ( 8 min )

U.S. producer prices fell more than expected in May and the annual increase in producer inflation was the smallest in nearly 2-1/2 years, strengthening the case for the Federal Reserve to skip raising interest rates on Wednesday. The producer price index for final demand dropped 0.3% last month on lower energy costs after rising by an unrevised 0.2% in April, the Labor Department said on Wednesday. In the 12 months through May, the PPI climbed 1.1%.  ( 6 min )

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Citi analyst Jeff Chung thinks something good is about to happen at the Chinese electric-vehicle maker.  ( 22 min )

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'More seniors are just more comfortable accessing services for things that they might have pushed off a bit like knees and hips,' the health insurer says.  ( 22 min )

The electric-vehicle company hiked the tags of its Model Y crossover, further reversing the trend of this year’s dramatic price cuts across the sector.  ( 22 min )

AMD shares remain a hot ticker on Yahoo Finance as it reveals its new super chip.  ( 8 min )

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The computer peripherals maker announced that CEO Bracken Darrell is stepping down to “pursue another opportunity.”  ( 22 min )

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The Fed will decide whether to raise interest rates for an eleventh time amid ongoing inflation and some concerns about a possible recession.  ( 11 min )

The biggest European oil company is boosting distributions to 30% to 40% of cash flow, compared with current rates of 20% to 30%.  ( 22 min )

LONDON/HONG KONG (Reuters) -Vodafone and CK Hutchison finally unveiled the merger of their British operations on Wednesday, pledging to create the country's largest mobile operator to boost competition and invest $14 billion in the country. Vodafone will own 51% and Hutchison 49% of the combined group, which will be led by current Vodafone UK boss Ahmed Essam, the companies said. Current Three UK finance chief Darren Purkis will take the same role in the new group.  ( 7 min )

↘️ UnitedHealth (UNH), Humana (HUM), Assurant (AIZ): Health insurers’ shares fell in offhours trading. The possible culprit: UnitedHealth’s financ  ( 20 min )

(Bloomberg) -- Nvidia Corp. made some astute stock buybacks last year ahead of a monster rally fueled by the artificial intelligence frenzy. Now the chipmaker is drawing attention because it stopped buying.Most Read from BloombergElizabeth Holmes Objects to $250-a-Month Victim Payments After PrisonInstant Pot and Pyrex Maker Instant Brands Files BankruptcyUS Inflation Slows, Giving Room for Fed to Pause Rate HikesPutin’s Economic Forum Puts Russia’s Isolation on DisplayAmericans Say They Need $2  ( 9 min )

Bitcoin maximalist Michael Saylor has said recent enforcement actions by U.S. regulators have made it clear that the crypto industry is destined to be rationalised down to a bitcoin (BTC)-focused industry.  ( 7 min )

(Bloomberg) -- Ken Griffin, whose hedge fund churned out a record $16 billion for clients last year, is increasing his focus on credit trading as he braces for a potential US recession.Most Read from BloombergElizabeth Holmes Objects to $250-a-Month Victim Payments After PrisonInstant Pot and Pyrex Maker Instant Brands Files BankruptcyUS Inflation Slows, Giving Room for Fed to Pause Rate HikesPutin’s Economic Forum Puts Russia’s Isolation on DisplayAmericans Say They Need $2.2 Million to Be Cons  ( 8 min )

The chip maker's big product launch may have left investors feeling uninspired but it can still challenge Nvidia, according to one analyst.  ( 25 min )

Advanced Micro Devices launches a new AI chip to challenge Nvidia's dominance in the space, Nvidia closes with a market cap above $1 trillion, Tesla finishes higher for a record 13th consecutive session, and Logitech's CEO is resigning.  ( 22 min )

(Bloomberg) -- Global oil demand growth will taper off over the next few years as high prices and Russia’s invasion of Ukraine speed up the transition away from fossil fuels, the International Energy Agency said. Most Read from BloombergElizabeth Holmes Objects to $250-a-Month Victim Payments After PrisonInstant Pot and Pyrex Maker Instant Brands Files BankruptcyUS Inflation Slows, Giving Room for Fed to Pause Rate HikesPutin’s Economic Forum Puts Russia’s Isolation on DisplayAmericans Say They  ( 9 min )

Nasdaq is dropping Rivian because it shrunk too much.  ( 8 min )

The energy major Shell said it will share billions more from its record profits with investors while deepening its commitment to the oil-and-gas businesses that produce the highest returns. .  ( 29 min )

Swiss citizens vote this weekend on whether to raise business tax to 15% from an average of 11% to align with a global minimum tax rate, although even with the rise the country would still have one of the lowest corporate tax levels in the world. In 2021 almost 140 countries including Switzerland agreed to an Organisation for Economic Cooperation and Development (OECD) deal to ensure large companies pay a minimum tax rate of 15%, to prevent them trying to avoid taxation by transferring profits to low tax countries. The Swiss government backs the change and according to a poll by researchers GFS Bern, 73% of voters will support the move under Switzerland's system of direct democracy, where legislation is put to the public vote.  ( 7 min )

(Bloomberg) -- Shell Plc will increase its dividend 15% and boost natural gas production as new Chief Executive Officer Wael Sawan refocuses on the fossil fuels that drove record profits last year.Most Read from BloombergElizabeth Holmes Objects to $250-a-Month Victim Payments After PrisonInstant Pot and Pyrex Maker Instant Brands Files BankruptcyUS Inflation Slows, Giving Room for Fed to Pause Rate HikesPutin’s Economic Forum Puts Russia’s Isolation on DisplayAmericans Say They Need $2.2 Millio  ( 7 min )

Soaring interest rates, slowing economic growth and a banking sector still recovering from a March rout might suggest a note of market caution, yet world stocks are at 14-month highs, the S&P 500 stock index has entered a bull market and gauges of volatility are eerily calm. BNP Paribas estimates excess global liquidity has risen by $640 billion since the end of third quarter of 2022 and is "unsustainable" when some central banks are trying to offload bonds they hold in a process known as quantitative tightening. The Federal Reserve in March loosened financial conditions with an emergency credit facility for cash-starved banks, Japan's central bank is still buying government bonds to push money into the system, and the European Central Bank is selling down the government bonds it holds at a relaxed pace.  ( 9 min )

Here is your Pro Recap of the biggest analyst cuts you may have missed since yesterday: Initiation at Affirm, downgrades at Ballard Power Systems, Catalent, and California Water Service. BTIG initiated coverage on Affirm (NASDAQ:AFRM) with a Sell rating and a price target of $10.00. While noting that Affirm is a leading buy-now-pay-later operator which has exhibited strong gross merchandise volume growth since its IPO, BTIG said that the company’s business model is under pressure as we enter a new stage in the macro environment where discretionary spend is tightening quickly.  ( 7 min )

Many investors are aggressively buying call options right now. Think of it as the equivalent of them holding their noses and buying stocks.  ( 22 min )

Prices of XRP, which powers some of Ripple Labs’ payment services, reversed gains that followed the release of internal SEC documents related to the lawsuit against Ripple.  ( 8 min )

Amazon Web Services, the world's largest cloud computing provider, is considering using new artificial intelligence chips from Advanced Micro Devices Inc, though it has not made a final decision, an AWS executive told Reuters. The remarks came during an AMD event where the chip company outlined its strategy for the AI market, which is dominated by rival Nvidia Corp. Despite AMD disclosing some technical specifications for an AI chip coming later this year that could in some ways beat Nvidia's best current offerings on some metrics, the news sent shares down after AMD did not disclose a flagship customer for the chip.  ( 7 min )

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The Fed hit the brakes on its rate-hiking cycle at Wednesday's meeting. Discover the implications for money market accounts.  ( 16 min )

A corporation is a legal entity that is separate and distinct from its owners and has many of the same rights and responsibilities as individuals.  ( 23 min )

Financial therapy merges finance with emotional support to help people cope with financial stress.  ( 20 min )

Cashier's checks and certified checks are both official bank-issued payments that offer more security than personal checks, but one may be safer.  ( 22 min )

Central banks use various methods to change the money supply, such as adjusting reserve requirements, changing interest rates, and adjusting the fed funds rate.  ( 23 min )

See what today's top nationwide rate is for every CD term, and how it compares to the previous business day's top rate. We collect data from more than 200 financial institutions.  ( 18 min )

A triple net lease (NNN) helps landlords reduce the risk in a commercial lease. Additional types of commercial leases include single net leases (N) and double net leases (NN).  ( 23 min )

Markets ended mixed on forecast the Fed may pause rate increases, and declines in healthcare stocks.  ( 16 min )

The Dow fell 230 points after the Fed holds rates steady, but hints more rate hikes to come  ( 17 min )

Rates on bank accounts and CDs have already surged to their highest level in almost 16 years, and may rise further, giving you many options to earn 5% or more on your cash.  ( 20 min )

If you've found your next home and it's in your budget, you're likely going to want to know how to apply for a mortgage loan. Read on to learn how.  ( 22 min )

UnitedHealth shares tumbled after warning that more seniors are choosing to have elective surgeries, driving up costs.  ( 16 min )

The International Energy Agency says global oil demand could peak by 2028.  ( 17 min )

Already-high rates on certificates of deposit may not have reached their peak, a closely-watched indicator of future interest rates suggests.  ( 15 min )

A Regional Check Processing Center (RCPC) is a local Federal Reserve facility where checks that are drawn on depository institutions are processed overnight.  ( 19 min )

Early withdrawals from an IRA trigger taxes and a 10% penalty. But sometimes, early distributions are tax free and penalty free.  ( 26 min )

Ready for the high-risk, high-return hedge fund investments? Here is a list of the top hedge fund investment firms.  ( 26 min )

The Fed funds rate was untouched this month, putting neither upward nor downward pressure on the rates banks offer on high-yield savings accounts.  ( 14 min )

VantageScore is a consumer credit rating product similar to the FICO score. It is used by many creditors to assess the risk of lending money to a potential borrower.  ( 24 min )

Lenders can charge utilization fees when borrowers use more than a certain percentage of their available credit on a revolving line or term loan.  ( 22 min )

Deficit net worth occurs when an individual or a company's total liabilities exceed their total assets.  ( 22 min )

The Uniform Consumer Credit Code (UCCC) provides guidelines for laws related to the all types of credit products. It has been enacted by 11 states.  ( 22 min )

Brokered CD rates tend to surpass those of traditional bank and credit union offerings. Find out why brokerage firms are willing to pay a better return on CDs.  ( 17 min )

A hard inquiry is a type of credit information request that includes a borrower’s full credit report and deducts points from a borrower’s credit score.  ( 24 min )

Whether you need life insurance in retirement depends on how much debt you have, your inheritance goals, and if you have dependents who still rely on you.  ( 25 min )

The Federal Reserve neither raised nor lowered its benchmark interest rate Wednesday meeting—put neither upward nor downward pressure on the rates banks offer on certificates of deposit.  ( 16 min )

The American Customer Satisfaction Index (ACSI) is an economic indicator based on a survey of U.S. consumers about products and services they use.  ( 20 min )

Yes, you do. But you may be able to get some coverage through your personal auto policy or a credit card. Here's how to decide when it's worth it to pay for coverage.  ( 23 min )

In a widely expected move, the central bank held the fed funds rate unchanged Wednesday.  ( 16 min )

A customer is a person or business that purchases the goods or services of another business. Learn how companies study customers and the importance of customer service.  ( 21 min )

Learn more about Investopedia's Financial Review Board, who’s on it, and how articles on Investopedia are reviewed.  ( 27 min )

The largest carmaker in the world is also one of the largest companies across any industry. Here is how Toyota makes money.  ( 22 min )

Fibonacci extensions are a method of technical analysis commonly used to aid in placing profit targets.  ( 22 min )

In the financial world, risk management is the process of identification, analysis, and acceptance or mitigation of uncertainty in investment decisions.  ( 27 min )

Clean sheeting is the fraudulent act of purchasing a life insurance policy without disclosing a pre-existing terminal illness or disease.  ( 19 min )

U.S. equities were mixed midday on June 14, 2023 following moves by stocks in the healthcare sector, and ahead of the Fed's decision on interest rates.  ( 16 min )

Top cannabis stocks in June include SNDL Inc., TerrAscend Corp., and Curaleaf Holdings Inc., which together lead the industry in revenue growth.  ( 20 min )

Producer prices fell more than economists expected in May as gasoline costs declined.  ( 16 min )

Dark pools of liquidity allow big investors to trade away from the public eye. They limit market impact but may leave small investors in the cold.  ( 19 min )

Vodafone and CK Hutchison said they would merge their U.K. mobile phone businesses.  ( 16 min )

Discover three Vanguard fixed-income funds that have historically outperformed their benchmark indexes, and learn about their characteristics.  ( 24 min )

Schedule 14C lays out certain disclosure requirements for companies with securities registered with the Securities and Exchange Commission.  ( 19 min )

Top CD rates range from 4.68% to 5.35% APY—higher than they've been in years. If you're getting a tax refund, investing in a top CD could lock in a high rate for a long time.  ( 18 min )

U.S. commercial office property faces an array of problems, meaning more pain lies ahead for a market that already has lost a third to half of its value.  ( 20 min )

Section 1231 refers to the tax on a gain from the sale of a depreciable business property that has been held for over a year.  ( 24 min )

Learn how the law of supply and demand affects prices, whether supply remains the same and demand increases or vice-versa, plus the exceptions to the rule.  ( 24 min )

Money market accounts offer high interest rates for savers right now, but with the Fed expected to pause rate hikes today, it might be a better time to consider a CD.  ( 17 min )

Aa2 is the third-highest long-term credit rating that Moody’s assigns to fixed income securities that are of high quality with very low credit risk.  ( 18 min )

The Latvian lats (LVL) was the national currency of the Republic of Latvia, a Baltic nation that is a member of the European Union.  ( 18 min )

With the Fed’s decision on interest rates due today, you may want to lock in higher yields with a CD. But if you tap the funds early, it will trigger early withdrawal penalties.  ( 17 min )

These are the financial stocks with the best value, fastest growth and most momentum for June.  ( 21 min )

Opening a CD should be decided based on when you'll need the money and whether you think interest rates will rise or fall in the future.  ( 18 min )

A gearing ratio measures a company's financial leverage. Although gearing ratios vary by industry, there are some guidelines for what's a good, bad, or normal gearing ratio.  ( 22 min )

A home inspection is an examination of the condition and safety of a piece of real estate, often conducted when the home is being sold.  ( 25 min )

Experts say businesses have a lot of options for storing their money safely—and they don’t necessarily involve stashing their cash with “too-big-to-fail” megabanks.  ( 18 min )

The Federal Reserve will announce its decision on interest rates and AMD is releasing a new GPU chip in a challenge to Nvidia. Here’s what investors need to know today.  ( 18 min )

The Roaring Twenties saw an abrupt end in 1929 when the stock market crashed, fueling the Great Depression and sparking a nearly 90% loss in the Dow.  ( 26 min )

Working capital is the amount of money a company has available to pay its short-term expenses. Cash flow is the amount of money going in and out of the company.  ( 22 min )

Wholesale banking includes banking services such as currency conversion and large trade transactions between investment banks and other large institutions.  ( 25 min )

Here are the best online brokerage accounts and trading platforms with low costs and fees plus the best trading experience, mobile apps, and more.  ( 34 min )

A demand draft is a method used by individuals to make transfer payments from one bank account to another.  ( 23 min )

Roth IRAs can be useful vehicles for FIRE planning. In this guide, we’ll explain why and how to use them.  ( 22 min )

De gemiddelde prijs van een recreatiewoning steeg afgelopen jaar met 25 procent tot bijna 223.000 euro. Met name huizen in de buurt van water zijn gewild en drijven de gemiddelde prijs op.  ( 3 min )

De Amerikaanse Federal Reserve (Fed) maakt even pas op de plaats met het verhogen van de rente in de strijd tegen de inflatie. De Amerikaanse centralebankenkoepel had daarvoor tien keer op rij de rente verhoogd. Mogelijk kan er wel een verdere renteverhoging in juli komen.  ( 4 min )

De prijs van gas schoot de afgelopen weken in korte tijd flink de hoogte in. Begin deze maand kostte een megawattuur nog 23 euro, inmiddels wordt bijna de 40 euro aangetikt. Hoe kan dat? En wat betekent het voor je energierekening?  ( 5 min )

De kinderbijslag gaat de komende kwartalen omlaag. Het gaat om een bedrag van 8 tot 11,50 euro per kind per kwartaal.  ( 3 min )

In Google Maps zijn vernieuwde 3D-beelden te zien van Amsterdam. Dat moet ervoor zorgen dat de stad een stuk realistischer oogt in de app.  ( 3 min )

Rusland heeft in december de export van olie naar Noord-Korea hervat. Dat blijkt uit gegevens van de Verenigde Naties. Het gaat om de eerste leveringen sinds 2020. De twee landen zijn bezig de banden aan te halen sinds de Russische invasie van Oekraïne.  ( 2 min )

Elektronicaketen BCC wil verder met kleinere winkels met minder assortiment. Ook is afgelopen maand een kwart van de 190 medewerkers op het hoofdkantoor ontslagen. Dit moet helpen om weer winst te behalen.  ( 3 min )

De Europese Commissie verdenkt Google ervan zijn macht op de online reclamemarkt te misbruiken. Het Amerikaanse bedrijf moet vrezen voor een boete die tot in de miljarden euro's kan oplopen.  ( 3 min )

De Turkse president Recep Tayyip Erdogan blijft vasthouden aan zijn bekritiseerde monetaire beleid om de rente laag te houden. "Mensen moeten niet de misvatting hebben dat de president op weg is naar een serieuze verandering in het rentebeleid. Ik ben hetzelfde."  ( 3 min )

De torenhoge aardgasprijs zorgde er vorig jaar voor dat ook de prijs van elektriciteit recordhoogtes bereikte. Tegelijk zorgden goedkope zonne- en windstroom soms juist voor bodemprijzen. Dit jaar was de stroomprijs op de groothandelsmarkt al 125 uur negatief: wie stroom wilde inkopen, kreeg geld toe. Hoe kan dat?  ( 5 min )

De waarde van de Russische roebel is gezakt naar het laagste punt sinds april vorig jaar. Voor een dollar moet je nu 84,46 roebel neerleggen. De munt daalde onder meer doordat olie minder duur is geworden.  ( 3 min )

De eenarmige bandiet, zoals de gokkast in een ver verleden werd genoemd, verdwijnt uit het straatbeeld. In steeds minder horecazaken staat er eentje, blijkt uit cijfers die NU.nl opvroeg bij de Kansspelautoriteit.  ( 3 min )

Shell gaat kosten besparen, eigen aandelen inkopen en meer dividend uitkeren aan zijn aandeelhouders. Dat alles moet ertoe leiden dat de aandeelhouders blijer zijn met het bedrijf.  ( 3 min )

Zweden hoopt dit najaar te kunnen zeggen wie er achter de explosies zat van de Nord Stream-gasleidingen. Dat heeft de leider van het onderzoeksteam gezegd in een interview met de Zweedse radio.  ( 3 min )

Shell gaat kosten besparen, eigen aandelen inkopen en meer dividend uitkeren aan zijn aandeelhouders. Dat alles moet ertoe leiden dat de aandeelhouders blijer zijn met het bedrijf.  ( 3 min )

Ahold Delhaize, het moederbedrijf van supermarktketens Albert Heijn en Delhaize, verdient steeds meer geld met andere activiteiten dan het verkopen van boodschappen. Advertentieverkoop op de eigen sites en het doorverkopen van data over consumentengedrag moeten in 2025 zo'n 1 miljard euro in het laatje brengen.  ( 3 min )

De NS heeft bij toezichthouder ACM een aanvraag ingediend om ook na 2025 internationale treinen te blijven rijden. Dat was nodig, want wie na dat jaar treinen wil laten rijden naar bijvoorbeeld Parijs of Londen, moest dat voor vandaag laten weten.  ( 3 min )

De prijsstijging van de basisboodschappen lijkt ten einde. In de afgelopen twee jaar werd een kar gevuld met 55 zogenoemde basisproducten 30 procent duurder. In de eerste maanden van dit jaar werd dezelfde kar al een paar keer iets voordeliger. Dat blijkt uit cijfers van marktonderzoeker GfK die NU.nl opvroeg.  ( 4 min )

Markets ended mixed on forecast the Fed may pause rate increases, and declines in healthcare stocks.  ( 1 min )

The Dow fell 230 points after the Fed holds rates steady, but hints more rate hikes to come  ( 1 min )

U.S. equities were mixed midday on June 14, 2023 following moves by stocks in the healthcare sector, and ahead of the Fed's decision on interest rates.  ( 1 min )

The Federal Reserve will announce its decision on interest rates and AMD is releasing a new GPU chip in a challenge to Nvidia. Here’s what investors need to know today.  ( 1 min )

UnitedHealth shares tumbled after warning that more seniors are choosing to have elective surgeries, driving up costs.  ( 1 min )

Vodafone and CK Hutchison said they would merge their U.K. mobile phone businesses.  ( 1 min )

The investing game can appear complicated as there are many issues to consider before leaning into a stock: Is the time right to load up? Are the shares overvalued? Will a beaten-down stock ever recover? All of these concerns are valid, but there are ways to simplify the process, such as examining insiders’ actions. By insiders, we refer to corporate officers who operate “on the inside” and are responsible for the performance of the companies they work for. After all, they have knowledge not ava  ( 10 min )

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Fundstrat’s Tom Lee is known for his bullish takes. He called a 20% S&P 500 rebound this year, and it’s up over 14% so far.  ( 8 min )

Young workers and their efforts to redefine what success looks like will significantly transform how companies retain and develop talent.  ( 11 min )

Understand more about The Coca-Cola Company and PepsiCo. Learn about the key similarities and differences that have made both companies good investments for years.  ( 22 min )

"Commercial real estate has come under pressure" says Goldman Sachs CEO David Solomon.  ( 8 min )

A preliminary report by the U.S. Chemical Safety and Hazard Investigation Board suggests that supervisors at the Ohio BP-Husky refinery continued to run the plant despite several malfunctions and a petroleum spill hours before an accident that killed two workers last year. The report, posted following The Wall Street Journal article about the preliminary findings, says that a morning valve failure resulted in a large spill of highly flammable naphtha in September 2022. Thus managers had to shut  ( 7 min )

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I recently attended a retirement seminar at a local community college where the instructor talked about potentially higher tax rates in retirement due to the new RMD age. I have been under the impression throughout my saving career that tax … Continue reading → The post Ask an Advisor: How Can Tax Rates Be Higher in Retirement Than Your Earning Years? appeared first on SmartAsset Blog.  ( 10 min )

The hydrogen fuel cell name issued upbeat 2023 sales guidance  ( 6 min )

(Bloomberg) -- The US plans to purchase about 12 million barrels of oil this year as it begins to refill its depleted emergency reserve amid falling crude prices, according to two people familiar with the matter. Most Read from BloombergElizabeth Holmes Objects to $250-a-Month Victim Payments After PrisonInstant Pot and Pyrex Maker Instant Brands Files BankruptcyUS Inflation Slows, Giving Room for Fed to Pause Rate HikesArm Courts Intel as Anchor Investor in Upcoming IPOPutin’s Economic Forum Pu  ( 7 min )

The May inflation rate was 4%, below top CD rates at terms ranging from 6 months to 5 years. The best-paying CDs could help to mitigate the impact of inflation on your savings.  ( 19 min )

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Wall Street analysts wield a lot of influence. A favorable or unfavorable mention of a stock by a well-known analyst or brokerage can move a stock up or down by several percentage points overnight. In the case of a downgrade or severe price target slash, it can take weeks or longer for a stock to recover. An upgrade or downgrade can also spur other analysts to announce similar new ratings, leading to even larger gains or losses. This week, three very different real estate investment trusts (REIT  ( 10 min )

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Warren Buffett — the Oracle of Omaha — is widely regarded as one of the greatest investors of all time. Don't Miss: Why Silicon Valley Elites Are Betting On This Startup’s Vision For Reuniting American Families Berkshire Hathaway Inc. (NYSE: BRK-A) has returned tens of thousands of percent over the years and consistently outperforms the market. Buffett purchased the company for just $8.3 million in 1965, and it’s now valued at nearly $700 billion, roughly a 10 million percent return. But one of  ( 8 min )

More than 40 automakers who are operating in the world’s greatest EV market, China, have been joining a price war that got started by the EV king himself, Tesla Inc (NASDAQ: TSLA). On Monday, Nio Inc (NYSE: NIO) showed it succumbed to earnings losses and weaker sales when the Chinese EV maker stated that it will be lowering prices for its models. Nio also stated that it will no longer be providing free battery swapping services to new buyers. Taking A Page From The Book of Tesla As of June 12th,  ( 8 min )

If the stock hits $190.734, the company will notch a historic $3 trillion market value.  ( 22 min )

Toyota Motor Corp. has announced plans to roll out a new line of solid-state batteries that will give its electric vehicles (EVs) a longer range and trim production costs.  ( 8 min )

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The May CPI report out Tuesday showed price increases continue to moderate, likely securing a pause in the Federal Reserve's rate hiking campaign that has pushed interest rates to the highest level since 2007.  ( 7 min )

The U.S. Department of Defense announced a new $2.1 billion security assistance package for Ukraine. The package includes funding for additional munitions for Patriot air defense systems, HAWK air defense systems and missiles, Puma unmanned aerial systems, laser-guided rocket system munitions, 105 mm and 203 mm artillery rounds as well as support for training and maintenance. The new funding is being provided under the Ukraine Security Assistance Initiative (USAI). “This USAI package illustrates  ( 9 min )

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Airline stocks have lifted off as the summer travel season picks up.  ( 8 min )

ZIM Integrated Shipping Services, Nikola Corp, and CIRCOR International lead for value, growth, and momentum, respectively  ( 21 min )

The increase in Tesla's market capitalization over the past 13 days is getting very close to the entire market cap of Toyota.  ( 22 min )

Oracle shares soar on AI buzz, lifting Ellison’s net worth.  ( 7 min )

(Bloomberg) -- US inflation continues to cool, giving the Federal Reserve room to take a breather from interest-rate hikes this week. The details offer signs it might become a full stop.Most Read from BloombergElizabeth Holmes Objects to $250-a-Month Victim Payments After PrisonInstant Pot and Pyrex Maker Instant Brands Files for BankruptcyUS Inflation Slows, Giving Room for Fed to Pause Rate HikesArm Courts Intel as Anchor Investor in Upcoming IPOPutin’s Economic Forum Puts Russia’s Isolation o  ( 7 min )

Tyson Foods will lay off 228 corporate employees in Illinois who declined to relocate to the meatpacker's Arkansas headquarters, eliminating about 46% of the total staff from two offices, the company confirmed on Tuesday. Employees have resisted a decision to consolidate corporate offices, which Tyson announced in October, as the company grapples with high costs for cattle and easing demand for meat from cash-strapped consumers. Tyson will eliminate 177 employees from an office in downtown Chicago and 51 employees in suburban Downers Grove, Illinois, starting on July 31, according to the state.  ( 7 min )

With the S&P 500 rising more than 20% from its lows in October 2022, the benchmark index is now officially in a bull market. But according to Barry Knapp, managing partner at Ironsides Macroeconomics, danger could be looming in the distance. The macro expert is concerned about a recession. “The probability of a recession is much higher in mid-2023 than it was in 1994,” Knapp said in a recent CNBC interview. Knapp drew the comparison with 1994 because that’s when the Federal Reserve had another a  ( 9 min )

Softbank-backed Zume looks to sell off its assets.  ( 6 min )

Ryan Cohen's investment vehicle now owns 36.8 million GameStop shares for a 12.1% stake.  ( 22 min )

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How do you manage risk when no one agrees on what the risks will be? Markets are rising right now, but today’s higher interest rates threaten a credit crunch, among other things, which could dampen the positive sentiment. The inflation numbers from May, just 4% annualized, were better than expected, which could justify the Fed dialing back its monetary tightening – but we don’t know if that will happen in time. In short, optimistic sentiment collides with unpredictable conditions. The uncertain  ( 11 min )

Apple downgraded, Oracle upgraded: Wall Street's top analyst calls  ( 8 min )

The company's board last week ousted Matt Furlong, a former Amazon.com executive who was handpicked to lead the largely brick-and-mortar operations company's online expansion, fanning concerns about the videogame retailer's ailing business. Furlong's exit came as the company struggles to turn a corner after it posted a bigger-than-expected loss for the latest three months and missed revenue expectations, with net sales falling for a fourth straight quarter last week.  ( 7 min )

The Dallas Mavericks owner says consumers want to do business with companies that care about their customers.  ( 9 min )

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It probably is possible for most people to retire at age 55 if they have $2.5 million in savings. The ultimate answer, though, will depend on the interplay between various factors. These include your health, your anticipated retirement lifestyle and … Continue reading → The post Can I Retire at 55 With $2.5 Million? appeared first on SmartAsset Blog.  ( 9 min )

When making an estate plan, using a trust is a way to make passing assets - including both cash and physical assets - a bit easier. In fact, when using a trust, you can often allow your family to avoid … Continue reading → The post Do You Have to Pay Taxes on a Trust Inheritance? appeared first on SmartAsset Blog.  ( 8 min )

U.S. consumer prices rose moderately in May, leading to the smallest annual increase in inflation in more than two years, though underlying price pressures remained strong, supporting views that the Federal Reserve would keep interest rates unchanged on Wednesday while adopting a hawkish posture. The Consumer Price Index (CPI) increased 0.1% last month as gasoline prices fell, the Labor Department said on Tuesday. The CPI gained 0.4% in April.  ( 7 min )

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Consumer prices rose at the slowest pace since April 2021 as inflation showed further signs of cooling in May, according to the latest data from the Bureau of Labor Statistics released Tuesday morning.  ( 6 min )

Nearly half of retailers increased their loss prevention budgets in 2022, according to a recent survey.  ( 22 min )

Oracle stuck to its forecast of $65 billion in sales by 2026, but CEO Safra Catz says AI demand leaves the software company 'significant upside.'  ( 22 min )

Hinman suggested in his 2018 speech that bitcoin (BTC) and ether (ETH) were not securities, in his view.  ( 7 min )

The current 'AI bubble' is nowhere close to how things looked in the dot-com era.  ( 8 min )

Grain trader Bunge agreed to acquire Glencore-backed Viterra for $8.2 billion in a deal that would create one of the world’s largest agricultural companies.  ( 28 min )

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Advanced Micro Devices on Tuesday is expected to reveal new details about an AI "superchip" that analysts believe will be a strong challenger to Nvidia Corp, whose chips dominate the fast-growing artificial intelligence market. AMD Chief Executive Lisa Su will give a keynote address at an event in San Francisco on the company's strategy in the data center and AI markets. Analysts expect fresh details about a chip called the MI300, AMD's most advanced graphics processing unit (GPU), the category of chips that companies like OpenAI use to develop products such as ChatGPT.  ( 7 min )

Remote work has allowed skilled workers to mobilize and capitalize on the benefits of different areas of the U.S. After all, a $100,000 salary is worth far more in a place like Memphis than high-cost cities like New York and … Continue reading → The post Climbing the Income Ladder: How Taxes Impact Different Salaries – 2023 Study appeared first on SmartAsset Blog.  ( 10 min )

SoftBank-backed Arm is in talks with Intel as a potential strategic investor to anchor one of the year’s biggest initial public offerings, reports say.  ( 25 min )

(Bloomberg) -- China is ramping up policy stimulus to help boost its faltering economy, although soaring debt levels and concerns about financial stability mean the measures are likely to be limited compared with support packages in previous downturns. Most Read from BloombergElizabeth Holmes Objects to $250-a-Month Victim Payments After PrisonInstant Pot and Pyrex Maker Instant Brands Files for BankruptcyArm Courts Intel as Anchor Investor in Upcoming IPOOil Traders Are Daring to Defy Market Ki  ( 10 min )

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Tesla has tapped the brakes on aggressive job advertising in recent weeks since CEO Elon Musk directed executives to obtain his sign off on all new hires, a Reuters analysis shows. Daily changes to Tesla's U.S. career website, tracked by Reuters, show the number of job ads has dipped by about 4% since May 15, when Musk told executives to send him a list of hiring requests on a weekly basis and cautioned them to "think carefully" before submitting requests. The last time Tesla's job ads dipped by that magnitude, was in November, and the decline accelerated over the next three months, with Musk warning in January he expected a "pretty difficult recession".  ( 8 min )

General Motors has signaled in a series of recent announcements on plant retoolings that it plans to keep its largest and most profitable combustion trucks and SUVs in production longer than expected - another 10 to 12 years, according to analysts and suppliers. This should enable the automaker to reap tens of billions of dollars in additional profit, according to Reuters estimates, before it shifts completely to zero-emission electric vehicles in 2035. GM in November 2021 said it would switch to an all-electric fleet by 2035.  ( 9 min )

Global stock markets and Wall Street futures rose Tuesday ahead of a U.S. inflation update and a Federal Reserve decision on another possible interest rate hike. Forecasters expect it to show inflation eased in May but still was double the Fed's 2% target despite interest rate hikes to cool business activity. Traders hope the Fed will skip another rate increase when its monthly board meeting ends Wednesday, but that might be complicated if inflation is higher than expected.  ( 8 min )

Oracle stuck to its forecast of $65 billion in sales by 2026, but CEO Safra Catz says AI demand leaves the software company 'significant upside.'  ( 22 min )

Cathie Wood's ARK Invest disclosed several transactions in three funds, Monday including sales of Tesla and Nvidia stocks.  ( 22 min )

Oracle reports fiscal fourth-quarter earnings and revenue that top analysts' forecasts, Apple stock closes at a record high, and Tesla rises for a 12th consecutive session.  ( 22 min )

The pan-European STOXX 600 index rose 0.5% as of 0715 GMT, with the rate-sensitive tech sector index up 1.5%. Investors were hopeful of U.S. inflation data releasing later in the day would likely show an easing in prices in May, further adding to bets that the Fed would skip hiking rates in its policy decision on Wednesday. Swedish industrial technology group Hexagon's shares gained 4.3%, after it announced a collaboration with the world's most valuable chip firm Nvidia Corp.  ( 6 min )

China’s central bank surprised most economists and market participants by cutting a short-term policy interest rate, a sign that officials are increasingly concerned about faltering growth and are stepping up stimulus to boost the recovery.  ( 8 min )

Nearly half of retailers increased their loss prevention budgets in 2022, according to a recent survey.  ( 22 min )

The People's Bank of China (PBOC) managed to liven up the wait for Tuesday's highly anticipated U.S. consumer price inflation (CPI) data by lowering a short-term lending rate for the first time in 10 months. Several analysts had been expecting a cut to the one-year medium-term lending facility rate on Thursday, when the PBOC is widely expected to roll over maturing loans. Tuesday's 10 basis-point reduction to the seven-day reverse repo rate, however, promptly removed any lingering doubt about China's policy bent toward stimulus in the face of persistently weak economic data.  ( 6 min )

Half of workers aren’t engaged on the job, and there is a growing share of the workforce that is resentful that their needs aren’t being met, Gallup says.  ( 28 min )

Arm plans to sell its shares on Nasdaq later this year, seeking to raise between $8 billion and $10 billion, Reuters reported earlier in April. Arm's designs are used in the manufacturing of chips made by most of the world's major semiconductor companies, including Intel, AMD, Nvidia and Qualcomm. It was not immediately clear what impact any IPO investment by one or more of those companies would have on Arm's commercial relationships.  ( 7 min )

(Bloomberg) -- British chip designer Arm Ltd., backed by SoftBank Group Corp., is in talks with potential strategic investors including Intel Corp. to anchor what will be one of the largest initial public offerings of the year, according to people familiar with the matter. Most Read from BloombergElizabeth Holmes Objects to $250-a-Month Victim Payments After PrisonOil Traders Are Daring to Defy Market Kingpin Saudi ArabiaMorgan Stanley, Goldman at Odds on S&P 500’s Bull Market RallyUBS Completes  ( 8 min )

The board of the FedEx pilots union has endorsed a contract agreement and sent it to members for an up-or-down vote. The post FedEx pilots take another step toward 30% pay raise appeared first on FreightWaves.  ( 8 min )

Toyota shares rose after the carmaker announced new EV plans.  ( 1 min )

Bunge and Viterra agreed to merge in an $18 billion deal that will create an agribusiness giant valued at an estimated $34 billion.  ( 1 min )

Oracle posted better-than-expected earnings, a strong sales outlook, and announced plans to develop generative AI services.  ( 1 min )

Markets gained on Tuesday, June 13, 2023, as slowing inflation raises hopes the Fed won't raise rates; cruise lines, energy stocks gain.  ( 1 min )

The Dow Jones Industrial Average rose 0.4%, or about 145 points, after May’s inflation report encouraged investors the Federal Reserve will keep interest rates steady at least until July.  ( 1 min )

U.S. equities gained at midday on Tuesday, June 13, 2023 as lower inflation raised optimism the Fed could pause its rate hike cycle.  ( 1 min )

The latest inflation figures are expected to show price pressures easing, and a jump in revenue helped push Oracle shares higher. Here’s what investors need to know today.  ( 1 min )

The Dow Jones Industrial Average was higher by more than 180 points, marking five straight sessions in the green  ( 1 min )

Tesla's stock price rose on Monday for the 12th straight session, in its longest winning streak on record after several EV charging station firms added Tesla's connectors.  ( 1 min )

Markets gained on Monday, June 12, 2023 on expectations that Fed policymakers will skip a rate hike at this week's meeting.  ( 1 min )

De Nederlandse uitstoot van CO2 was in de eerste drie maanden van dit jaar 3,3 procent lager dan in dezelfde periode vorig jaar. Dat komt vooral doordat we minder aardgas hebben verbruikt, blijkt uit cijfers van statistiekbureau CBS.  ( 3 min )

Vakbonden en VDL hebben dinsdag een akkoord gesloten over een nieuw sociaal plan voor werknemers van autofabriek Nedcar in Born. Dat was nodig vanwege de aangekondigde massaontslagen, maar het duurde weken voor de partijen het met elkaar eens waren.  ( 3 min )

De prijs van gas is dinsdag met maar liefst 25 procent omhooggegaan. Dat komt doordat onderhoud aan Noorse gasinstallaties langer duurt dan verwacht. Het is de derde prijssprong in acht dagen.  ( 3 min )

Het moet moeilijker worden om het populaire STAP-budget te misbruiken voor een hobbycursus of andere studie die niets met werk te maken heeft. Het kabinet denkt aan het uitsluitend toestaan van opleidingen die de overheid heeft goedgekeurd.  ( 3 min )

Facebook-oprichter Mark Zuckerberg droomt van een virtuele toekomst. Je kunt de echte wereld achterlaten door een bril op te zetten en jezelf onderdompelen in een digitale wereld waarin alles mogelijk is. Tot nu toe loopt het nog geen storm. Maar misschien zorgt Apple voor een opleving.  ( 4 min )

Vliegmaatschappij Transavia heeft stagiairs ingezet als volwaardige cabinemedewerkers aan boord van vliegtuigen. Dat heeft de Nederlandse Arbeidsinspectie geconstateerd. Die wil de naam van de luchtvaartmaatschappij niet noemen, maar Transavia maakt zelf duidelijk het onderwerp te zijn.  ( 4 min )

De hotels van Van der Valk vinden dat ze te weinig coronasteun hebben gekregen. In een zaak tegen de Staat betoogden ruim zestig hotels dat ze allemaal losse bedrijven zijn en dat ze ook op die basis coronasteun hadden moeten krijgen.  ( 3 min )

Prijzen in het stad- en streekvervoer zijn volgend jaar waarschijnlijk 11,3 procent hoger dan dit jaar. Dat komt doordat vervoerders zelf meer kwijt zijn aan energie en lonen. Die hogere uitgaven willen ze verwerken in hun prijzen.  ( 3 min )

In de cao's die de afgelopen zes maanden zijn afgesloten, komt de gemiddelde loonstijging uit op 7,1 procent. "En de stijgende lijn zet door", zegt vicevoorzitter Zakaria Boufangacha van vakbond FNV.  ( 4 min )

Een luchtvaartmaatschappij die in Nederland actief is, zette stagiairs in als volwaardige cabinemedewerkers aan boord van vliegtuigen. Dat heeft de Nederlandse Arbeidsinspectie geconstateerd. Die wil niet zeggen om welke maatschappij het gaat, noch of het om een Nederlandse maatschappij gaat.  ( 3 min )

De verwoesting van de dam in de Oekraïense rivier de Dnipro leidt tot grote problemen met de internationale voedselzekerheid, stellen de Verenigde Naties. Dat komt doordat er een enorme hoeveelheid water naar het zuiden van Oekraïne stroomt. Daar wordt veel graan verbouwd.  ( 4 min )

Chocoladerepen kunnen de komende tijd mogelijk nog duurder worden. Dat komt doordat de prijs van cacao is gestegen naar het hoogste punt in zeven jaar, meldt dataverzamelaar NielsenIQ. Vooral voor pure chocola moeten liefhebbers waarschijnlijk flink in de buidel tasten, omdat daar veel cacao in zit.  ( 3 min )

In de cao's die de afgelopen zes maanden zijn afgesloten, komt de gemiddelde loonstijging uit op 7,1 procent. "En de stijgende lijn zet door", zegt vicevoorzitter Zakaria Boufangacha van vakbond FNV.  ( 4 min )

De verwoesting van de dam in de Oekraïense rivier de Dnipro leidt tot grote problemen met de internationale voedselzekerheid, stellen de Verenigde Naties. Dat komt doordat er een enorme hoeveelheid water naar het zuiden van Oekraïne stroomt. Daar wordt veel graan verbouwd.  ( 4 min )

In de cao's die de afgelopen zes maanden zijn afgesloten, komt de gemiddelde loonstijging uit op 7,1 procent. "En de stijgende lijn zet door", zegt vicevoorzitter Zakaria Boufangacha van vakbond FNV.  ( 4 min )

In de cao's die de afgelopen zes maanden zijn afgesloten, komt de gemiddelde loonstijging uit op 7,1 procent. "En de stijgende lijn zet door", zegt vicevoorzitter Zakaria Boufangacha van vakbond FNV.  ( 4 min )

PostNL brengt in het najaar een nieuwe cryptopostzegel uit. De 'crypto stamp' bestaat uit een echte postzegel die je zoals gewoonlijk ergens op kunt plakken en een digitaal deel.  ( 4 min )

Nederland was de afgelopen twee jaar meer geld kwijt aan het importeren van goederen en diensten uit het buitenland. Dat kwam voornamelijk door de hoge energieprijzen.  ( 3 min )

Hoewel de energierekening de afgelopen tijd hoger is geworden, zijn Nederlandse voedselproducenten veel gas blijven verbruiken. Dat terwijl veel andere bedrijven wel hebben geminderd. Dat kan slecht uitpakken voor de voedingsproducenten, waarschuwt ING Research.  ( 4 min )

A student loan deferral can give you relief from your debts, but there can be long-term consequences to your credit score. Learn how deferrals affect your credit score.  ( 22 min )

Whether a locked or changing rate on your savings is better depends on where the Fed rate is headed  ( 18 min )

Dividend policy structures the dividend payout a company distributes to its shareholders. Stable, constant, and residual are three dividend policies.  ( 24 min )

Lower inflation could mean a big drop in the Social Security cost-of-living adjustment (COLA) for 2024, according to the Senior Citizens League.  ( 16 min )

Understand more about The Coca-Cola Company and PepsiCo. Learn about the key similarities and differences that have made both companies good investments for years.  ( 22 min )

Learn about the different types of loans available and find the one that will best suit your needs when it comes to borrowing money.  ( 25 min )

A 2021 policy change offered retroactive survivors benefits to same-sex couples who lost their partner before the establishment of marriage equality.  ( 27 min )

The Dow Jones Industrial Average rose 0.4%, or about 145 points, after May’s inflation report encouraged investors the Federal Reserve will keep interest rates steady at least until July.  ( 17 min )

Markets gained on Tuesday, June 13, 2023, as slowing inflation raises hopes the Fed won't raise rates; cruise lines, energy stocks gain.  ( 16 min )

See what today's top nationwide rate is for every CD term, and how it compares to the previous business day's top rate. We collect data from more than 200 financial institutions.  ( 18 min )

Toyota shares rose after the carmaker announced new EV plans.  ( 16 min )

Learn what it takes to join a credit union and tap into some of the best rates on certificate of deposit (CD) accounts offered by these institutions.  ( 17 min )

Skycoin operates as an ecosystem of blockchain technology that is powered by its native SKY cryptocurrency and the Obelisk consensus algorithm.  ( 22 min )

A sinking fund is an account a corporation uses to set aside money earmarked to pay off the debt from a bond or other debt issue. The fund gives bond investors an added element of security.  ( 22 min )

Learn the tax laws for small businesses in Oregon, and understand the different types of taxes small business owners face based on business type.  ( 22 min )

Oscar-winning actor Leonardo DiCaprio amassed a net worth of about $300 million from his acting career and real estate portfolio. As a climate activist he also backs sustainable companies from plant-based foods to vegan leather.  ( 23 min )

Despite making huge strides and gaining important rights, some financial issues still persist for LGBTQ+ service members and their families.  ( 30 min )

The May inflation rate was 4%, below top CD rates at terms ranging from 6 months to 5 years. The best-paying CDs could help to mitigate the impact of inflation on your savings.  ( 18 min )

Lending money to friends and family can have unintended financial consequences. Learn the do’s and don’ts of lending money to people you know.  ( 24 min )

Here's why healthcare in the United States is so expensive, but the quality of care in the U.S. still ranks low among developed countries.  ( 23 min )

The term “Buy Here, Pay Here (BHPH)” refers to auto dealerships in which the financing for the vehicles purchased is done in-house.  ( 22 min )

A bill of materials is an extensive list of raw materials, components, and instructions required to construct, manufacture, or repair a product or service.  ( 21 min )

Almost all banks, both traditional and online-only, allow you to open checking accounts online. Here's how to do it, including how to navigate problems.  ( 24 min )

Loan terms are the details of a loan when you borrow money. Here’s more on what loan terms means and how to review them when borrowing.  ( 24 min )

Health insurance premiums vary wildly across the U.S. according to where you live and work, how old you are, your income, and more.  ( 28 min )

Individual investors have re-embraced stocks and are more confident that markets will rise than they have been all year, according to Investopedia’s latest survey of newsletter readers.  ( 17 min )

Leading U.S. stock market indexes include the Dow Jones Industrial Average, the Standard & Poor's 500, and the Nasdaq Composite.  ( 22 min )

A look at how those interested in mid-caps can identify investment opportunities based on environmental, social, and governance-related dimensions.  ( 23 min )

Based on how you fill out the FAFSA, you’ll receive a financial aid award letter from each school that accepts you. Here’s what you need to know.  ( 27 min )

U.S. equities gained at midday on Tuesday, June 13, 2023 as lower inflation raised optimism the Fed could pause its rate hike cycle.  ( 16 min )

Bunge and Viterra agreed to merge in an $18 billion deal that will create an agribusiness giant valued at an estimated $34 billion.  ( 16 min )

ZIM Integrated Shipping Services, Nikola Corp, and CIRCOR International lead for value, growth, and momentum, respectively  ( 21 min )

Oracle posted better-than-expected earnings, a strong sales outlook, and announced plans to develop generative AI services.  ( 16 min )

An intangible asset is an asset that is not physical in nature and can be classified as either indefinite or definite.  ( 26 min )

Personal loan rates increased to 21.35%, well over a half percentage point since last week. Last week, the average personal loan rate sat at 20.67%, 68 basis points lower.  ( 17 min )

After death, your bank account may not go directly to your heirs. Learn how to set things up so that it does.  ( 22 min )

Living wage refers to a theoretical wage level that allows an individual to afford adequate shelter, food, and other necessities.  ( 26 min )

The step-up CD is an option for portfolio diversification, though investors might find better yields through products that take advantage of recent higher rates set by the Federal Reserve.  ( 16 min )

If you are caring for a disabled child, you have a wide range of federal and state benefits available to you.  ( 24 min )

The average rate for a 30-year new purchase mortgage dropped 8 basis points Monday, while its refinance counterpart rose 6 basis points, widening the gap between the two.  ( 19 min )

The Consumer Price Index rose 4% over 12 months in May, down more than half from the 9.1% inflation peak logged less than a year ago in June 2022 and its lowest since March 2021.  ( 17 min )

A currency transaction report (CTR) is used in the banking industry to monitor and report cases of potential money laundering.  ( 24 min )

The dotcom bubble was a rapid rise in U.S. equity valuations fueled by investments in Internet-based companies during the bull market in the late 1990s.  ( 22 min )

Selling (writing) a put option allows an investor to potentially own the underlying security at both a future date and a more favorable price.  ( 26 min )

Minto Apartment, National Health Investors, and Apartment Investment lead for value, growth, and momentum, respectively  ( 20 min )

The Gordon growth model (GGM) is used to determine the intrinsic value of a stock based on a future series of dividends that grow at a constant rate.  ( 26 min )

The TMX Group is a large Toronto-based financial services company that operates Canadian exchanges and services dealing in multiple asset classes.  ( 19 min )

The least squares method is a statistical technique to determine the line of best fit for a model, specified by an equation with certain parameters to observed data.  ( 23 min )

An annual report describes a company's operations and financial condition to stakeholders, and is required by regulators.  ( 24 min )

The Federal Deposit Insurance Corporation insures CDs at member institutions up to the deposit insurance limit of $250,000.  ( 15 min )

With elevated interest rates translating to higher yields on deposit products, it could be a perfect time to hold your savings in multiple accounts.  ( 16 min )

The latest inflation figures are expected to show price pressures easing, and a jump in revenue helped push Oracle shares higher. Here’s what investors need to know today.  ( 18 min )

Savers considering non-traditional, high-yield accounts should approach them with caution, financial advisors say  ( 16 min )

PEST analysis (political, economic, social, and technological) is an analytical method used by companies to determine what major external factors could affect their business.  ( 21 min )

Lucrative salary, high perks, and best quantitative brains at work—here are the common entry level positions for those aspiring for a career in the hedge fund industry.  ( 21 min )

Learn the story of how Medtronic, one of the world's largest medical equipment and therapies suppliers, generates money and about its global business.  ( 22 min )

(Bloomberg) -- Just last year, billionaire Wang Jianlin had appeared to cement his reputation as one of the few remaining Chinese property tycoons to sidestep a wave of debt defaults sweeping the industry.Most Read from BloombergElizabeth Holmes Objects to $250-a-Month Victim Payments After PrisonOil Traders Are Daring to Defy Market Kingpin Saudi ArabiaMorgan Stanley, Goldman at Odds on S&P 500’s Bull Market RallyUBS Completes Credit Suisse Takeover to Create Bank TitanMary Erdoes, JPMorgan’s B  ( 10 min )

(Bloomberg) -- BYD Co., China’s homegrown company that’s now become the world’s hottest maker of electric vehicles, has a warning for the US: New climate laws could end up backfiring and leave Americans paying more for EVs than the rest of the world. Most Read from BloombergOil Traders Are Daring to Defy Market Kingpin Saudi ArabiaElizabeth Holmes Objects to $250-a-Month Victim Payments After PrisonMorgan Stanley, Goldman at Odds on S&P 500’s Bull Market RallyUBS Completes Credit Suisse Takeover  ( 11 min )

The U.S. electric grid is undergoing a huge transformation and renewables have steadily become more widely adopted over the past decade. Adoption is set to continue at a brisk pace, says Goldman Sachs analyst Carly Davenport. Looking ahead, Davenport reckons that by 2032, over 45% of the U.S.’s power generation capacity will come from renewable sources and 6% from coal. That compares to a mix of 30%/16% today and 17%/27% in 2012, making the ongoing change very clear. With this as backdrop, boost  ( 11 min )

(Bloomberg) -- Oracle Corp. reported quarterly revenue that topped estimates, signaling the software maker’s cloud business is benefiting from heightened demand for artificial intelligence workloads. Shares gained in extended trading.Most Read from BloombergOil Traders Are Daring to Defy Market Kingpin Saudi ArabiaUBS Completes Credit Suisse Takeover to Create Bank TitanMorgan Stanley, Goldman at Odds on S&P 500’s Bull Market RallySilvio Berlusconi, Italy Leader Mired in Scandal, Dies at 86Mary  ( 8 min )

(Bloomberg) -- Brookfield Renewable agreed to buy a big portfolio of wind and solar farms from Duke Energy Corp. for $2.8 billion in a move intended to boost cash reserves.Most Read from BloombergElizabeth Holmes Objects to $250-a-Month Victim Payments After PrisonInstant Pot and Pyrex Maker Instant Brands Files for BankruptcyArm Courts Intel as Anchor Investor in Upcoming IPOOil Traders Are Daring to Defy Market Kingpin Saudi ArabiaChina Weighs Broad Stimulus With Property Support, Rate CutsDuk  ( 7 min )

Seema Shah, the chief global strategist of Principal Asset Management, expects the US recovery to start next spring, and the AI craze to help stocks.  ( 7 min )

Housing is so expensive that middle-income buyers can only afford 23% of properties on the market, according to the National Associations of Realtors.  ( 7 min )

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What might seem to be farfetched tax mitigation tactics are perfectly legal, lawyers and bankers to the wealthy tell Insider.  ( 9 min )

The nature of online banks enables them to pay higher rates than traditional banks, with the same federally insured safety.  ( 19 min )

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(Bloomberg) -- Instant Brands, maker of the Instant Pot pressure cooker and Pyrex glassware, filed for bankruptcy on Monday after high interest rates and waning access to credit hit its cash position and made its debts unsustainable. Most Read from BloombergOil Traders Are Daring to Defy Market Kingpin Saudi ArabiaUBS Completes Credit Suisse Takeover to Create Bank TitanMorgan Stanley, Goldman at Odds on S&P 500’s Bull Market RallySilvio Berlusconi, Italy Leader Mired in Scandal, Dies at 86Mary  ( 6 min )

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“With the S&P 500 rally now crossing the 20% threshold, more are declaring the bear market officially over. We respectfully disagree," Wilson wrote Monday, arguing corporate earnings are set to fall.  ( 9 min )

A big Magellan holder has come out against the $19 billion deal with Oneok that would create one of the largest energy pipelines in the U.S. Taxes are a key issue.  ( 22 min )

Oracle's push into the cloud computing market has started to bear fruit, helped by its acquisition of electronic medical records firm Cerner last year that has helped it better compete with industry giants like Microsoft and Amazon.com. The cloud and software company has also boosted its AI cloud offerings, including its partnership with Nvidia to make the chip company's AI software and chips available to Oracle customers via its cloud services. Analysts believe that given the company's partnership with Nvidia, Oracle Cloud Infrastructure (OCI) is well-positioned to become a major AI/ML development platform, which could be another leg of emerging growth.  ( 7 min )

Stocks rallied on Monday ahead of a key inflation reading on Tuesday and the Fed's latest policy announcement on Wednesday.  ( 7 min )

Evercore ISI analyst Greg Melich upgraded the auto-parts retailer to Outperform from In-Line, raising his target for the stock price.  ( 22 min )

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George Soros has handed the reins of his empire to his 37-year-old son, Alex, marking the end of an era on Wall Street. For decades, Soros’s moves were scrutinized, followed and sometimes even imagined by rival traders.  ( 22 min )

(Bloomberg) -- A Berkshire Hathaway Inc. unit is liable for destruction caused by the 2020 Labor Day Fires in Oregon, a jury concluded, exposing energy company PacifiCorp to potentially more than $1.5 billion in damages.Most Read from BloombergOil Traders Are Daring to Defy Market Kingpin Saudi ArabiaUBS Completes Credit Suisse Takeover to Create Bank TitanMorgan Stanley, Goldman at Odds on S&P 500’s Bull Market RallySilvio Berlusconi, Italy Leader Mired in Scandal, Dies at 86Mary Erdoes, JPMorg  ( 8 min )

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(Bloomberg) -- Bond traders are underestimating how much Tuesday’s Consumer Price Index report will show the inflation rate dropped last month, according to Citigroup Inc. strategist Raghav Datla.Most Read from BloombergOil Traders Are Daring to Defy Market Kingpin Saudi ArabiaUBS Completes Credit Suisse Takeover to Create Bank TitanSilvio Berlusconi, Italy Leader Mired in Scandal, Dies at 86Morgan Stanley, Goldman at Odds on S&P 500’s Bull Market RallyMary Erdoes, JPMorgan’s Billionaire Whisper  ( 7 min )

At just over 4300, the S&P 500 has risen about 20% from its closing low in last year's market downturn, putting it technically in bull-market territory.  ( 22 min )

In 2022, more of the non-withheld tax payments had been processed in May, in part because of Internal Revenue Service staffing issues, and capital gains taxes associated with the 2021 tax year were more substantial a year ago at that time. Through the first eight months of the fiscal year, which began in October, the Treasury reported a cumulative deficit of $1.165 trillion, up from $426 billion a year earlier. President Joe Biden on June 3 signed legislation suspending the $31.4 trillion cap on U.S. debt until January 2025, after striking a deal with congressional Republicans with just two days to spare before the government was due to run short of the funding needed to cover all of its bills.  ( 6 min )

Carnival stock soared on Monday as the cruise line got an upgrade to Buy from Neutral by Bank of America analysts. "The cruise recovery is now stable," Bank of America analyst Andrew Didora said.  ( 8 min )

Is it time to play defense? Economists have a fairly simple story to tell about the 2023 economy: things are weird. Inflation raged out of control in 2022, but has been falling in 2023. A volatile stock market remains below its … Continue reading → The post Morgan Stanley Says You Should ‘Play Defense' With These Income-Producing Assets appeared first on SmartAsset Blog.  ( 11 min )

Analysts at Morgan Stanley, Jefferies, and Evercore ISI all raised their target prices on Adobe stock on Monday, citing the outlook for the software company's artificial-intelligence operations.  ( 22 min )

Investors will turn their attention to critical data that will help determine the future of Federal Reserve policy: The May Consumer Price Index.  ( 7 min )

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KeyCorp's chief financial officer shared revised guidance on net interest income for the second quarter, and investors aren't pleased.  ( 22 min )

In 1965, a middle-aged couple in Omaha, Nebraska, faced a common yet challenging predicament: how to effectively plan for retirement. Dorothy and Myer Kripke had diligently saved and received a modest inheritance, placing them well ahead of their peers in terms of retirement planning. By that year, their savings amounted to approximately $67,000, which, when adjusted for inflation, would equate to around $650,000 today. Don't Miss: Why Silicon Valley Elites Are Betting On This Startup’s Vision F  ( 8 min )

Ark Invest’s Cathie Wood is known for investing in disruptive innovation. The super investor has placed big bets on artificial intelligence (AI), which is widely regarded as one of the most disruptive and transformative technologies today. Speaking of AI stocks, it’s hard to ignore what Nvidia Corp. (NASDAQ: NVDA) has been doing. Shares of the chipmaking giant have surged 165% so far this year, and the company crossed $1 trillion in valuation at one point. Ark Invest’s flagship fund Ark Innovati  ( 9 min )

The stock fell about 18% on Thursday after the videogame company disclosed disappointing financial results and the firing of CEO Matt Furlong.  ( 22 min )

Reuters Broadcom Most Likely To Receive EU Approval For $61B VMware Merger In early May, U.S. chipmaker Broadcom Inc's (NASDAQ: AVGO) CEO Hock Tan proposed a pitch to EU antitrust enforcers regarding the pro-competitiveness of the proposed $61 billion bid for cloud computing firm VMware Inc (NASDAQ: VMW). Broadcom is set to gain conditional EU antitrust approval for its proposed acquisition of VMware. The European Commission's approval is linked to Broadcom's interoperability remedies to rivals  ( 9 min )

And delaying your journey by a mere 10 years could “cost you $700,000”.  ( 7 min )

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Truist analysts raise their price target on SoFi after initiating coverage of the stock at Buy last month.  ( 22 min )

A few hours before the company reports earnings, Wolfe Research analyst Alex Zukin lifted his rating to Outperform from Peer Perform.  ( 22 min )

Policymakers face a big challenge this week. The Fed will convene for its two-day policy meeting on June 13-14 (Tuesday/Wednesday) to determine whether another rate hike is required in its ongoing efforts to tame persistently high inflation. However, this time around, there might finally be a change in tune. “For much of last year the Fed was united about the need to lift rates into restrictive territory,” notes Raymond James’ CIO Larry Adam. “But after ten consecutive rate increases, we are sta  ( 11 min )

Tesla upgraded, Nio downgraded: Wall Street's top analyst calls  ( 8 min )

Stocks were higher early Monday as investors await key data on inflation and the Fed's latest policy decision later this week.  ( 7 min )

(Bloomberg) -- Nasdaq Inc. has agreed to buy financial-software maker Adenza from its private equity owners in the exchange operator’s biggest-ever deal.Most Read from BloombergOil Traders Are Daring to Defy Market Kingpin Saudi ArabiaUBS Completes Credit Suisse Takeover to Create Bank TitanAs Fed Signals Rate Pause, Powell Will Have to Placate HawksJeff Bezos Has Gained $10 on Mystery Purchase of One Amazon ShareGoldman’s Low US Recession Odds Get It Wrong, Bond Investors SayThe acquisition is  ( 7 min )

The euro rallied a bit during the early hours on Monday, testing the top of a short-term consolidation range that we have been in.  ( 7 min )

The deal marks the end of 167 years of independence for the troubled bank and the beginning of a new stretch in financial history with one dominant Swiss manager of money for the global elite.  ( 28 min )

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Nasdaq shares were down around 10% in early trading Monday after the exchange operator said it agreed to acquire Adenza, a maker of software used by banks and brokerages, in a $10.5 billion cash-and-stock deal. The seller in the transaction is private-equity firm Thoma Bravo, which is poised to get  ( 19 min )

If you want to dip your toe into investing, it can be overwhelming. The terminology, risks and fees might make you want to just dump your funds in a savings account instead. But that would be a mistake – investing … Continue reading → The post Dollar-Cost Averaging vs. Lump Sum Investing appeared first on SmartAsset Blog.  ( 9 min )

A risk-averse investor is someone who prefers to emphasize security over potential gains. Their portfolio is built to preserve capital and prevent losses first and pursue growth second. This isn't to say that risk-averse investors see no gains. This is … Continue reading → The post How to Be a Risk Averse Investor appeared first on SmartAsset Blog.  ( 9 min )

Certainly doesn't feel like a bull market in stocks.  ( 8 min )

Using multiple bank accounts can be a good way to separate funds for different financial goals. However, if you forget about one of those accounts it could end up falling dormant. A dormant bank account is an account that registers … Continue reading → The post What Is a Dormant Bank Account? appeared first on SmartAsset Blog.  ( 9 min )

Volatile trading in the bond market reflects a less optimistic view. Investors there remain worried that high interest rates will damage the economy.  ( 22 min )

TreeHouse Foods is the only major publicly traded pure play on increasingly popular private-label food products. The stock is cheap—but it might not stay that way for long.  ( 22 min )

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There’s more to a stock’s cash returns than just the dividend, such as buybacks and debt paydowns. Together, they’re known as shareholder yield.  ( 22 min )

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The current market rally is reminiscent of the immediate relief following JP Morgan's purchase of Bear Stearns in March 2008, six months before Lehman collapsed.  ( 9 min )

The political whirlwind its acquisition of Credit Suisse has stirred in Switzerland gives the country’s largest bank reasons to lowball its financial estimates.  ( 29 min )

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Toyota’s annual meeting this year has turned into a showdown over the merits of longtime leader Akio Toyoda’s electric-vehicle strategy.  ( 28 min )

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Chinese e-carmaker Nio has slashed prices barely two months after saying that price wars in the EV market were a bad idea.  ( 8 min )

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JPMorgan Chase & Co agreed in principle to settle a class action lawsuit with a victim of Jeffrey Epstein, the bank said in a statement Monday. Litigation is still pending between the U.S. Virgin Islands and JPMorgan Chase, as are JPMorgan Chase’s claims against former executive Jes Staley, the bank said. "The parties believe this settlement is in the best interests of all parties, especially the survivors who were the victims of Epstein’s terrible abuse," JPMorgan said.  ( 6 min )

UBS completes its takeover of Credit Suisse and Biogen wins key FDA support for its Alzheimer's disease treatment. Here’s what investors need to know today.  ( 17 min )

The pop star's comments have been condemned for mocking the working class.  ( 8 min )

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The Fed's next move on interest rates will likely be a game-time decision on Wednesday.  ( 9 min )

Nasdaq has agreed to acquire Adenza, a maker of software used by banks and brokerages, in a $10.5 billion cash-and-stock deal.  ( 28 min )

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One of the biggest oil bulls is growing less bullish as the crude market runs into renewed pressure. Goldman Sachs cut its end-of-year outlook for Brent crude to $86 a barrel, from $95. Brent futures fell around 2% Monday to just over $73 a barrel. Goldman Sachs forecast a big rally in  ( 20 min )

Live updates on what's moving markets, including the Dow Jones Industrial Average, S&P 500 and Nasdaq Composite  ( 19 min )

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Chinook said it has entered an agreement to be acquired by Novartis for $40 per share in cash, with additional cash contingent on regulatory progress with astrasentan, its kidney disease drug candidate.  ( 22 min )

Despite the fastest monetary tightening cycle in the country's history, Canada's economy is still running hot, which forced the central bank to crank its key interest rate even higher to a 22-year high of 4.75% last week. Analysts are betting on another rate hike in July, to help the Bank of Canada bring inflation back down to its 2% range. Many of Canada's major banks allowed holders of variable rate mortgages to extend their amortization period in order to keep their payments at nearly the same level, temporarily blunting the impact of higher borrowing costs.  ( 7 min )

"We are heading for a downturn and it varies region to region," said Benjamin Jones, director of macro research at Invesco. The World Bank just raised its 2023 outlook as the U.S. and other major economies have proven more resilient than forecast, though it said this year will still mark one of the slowest for growth in the last five decades. Goldman Sachs lowered its odds of a U.S. recession in the next year to 25% from an already below consensus 35%, given easing banking sector stress and the debt ceiling deal which it sees resulting in only small spending cuts.  ( 8 min )

In short, investors are biding their time - with May U.S. inflation data on Tuesday, released as the U.S. Federal Reserve kicks off a two-day meeting, event risk is high. The Fed is widely expected to "skip", note, not "pause" hiking rates in June when it concludes its meeting on Wednesday. The European Central Bank is tipped to deliver a quarter-point rate hike on Thursday, while on Friday the Bank of Japan is expected to maintain ultra-loose monetary policy.  ( 8 min )

Oil prices slipped early Monday on concerns about global demand. Brent crude, the international benchmark, declined 2.4% to $72.97 a barrel. West Texas Intermediate, the U.S. standard, fell 2.8% to $68.20 a barrel. Both contracts declined for a second consecutive week last week. Crude prices have  ( 26 min )

Generative AI demand will persist, while the chip maker’s competitive edge should keep its pricing strong.  ( 29 min )

↗️ Biogen (BIIB): The biotech company's shares rose nearly 4% premarket after an advisory committee [recommended the Food and Drug Administration approve Leqembi](https://investors.biogen.com/news-releases/news-release-details/fda-advisory-commi  ( 19 min )

The leading U.S. financial regulator took aim at two of the largest crypto exchanges this week, charging Binance and Coinbase Global.  ( 22 min )

Teck has already rejected two full takeover bids from Glencore, and said last week that it has received several offers for its coal unit.  ( 22 min )

EU antitrust regulators are set to approve with conditions U.S. chipmaker Broadcom's $61 billion proposed acquisition of cloud computing firm VMware, people familiar with the matter said. The European Commission's approval is conditional on Broadcom offering interoperability remedies to rivals to address competition concerns, the people said.  ( 6 min )

(Bloomberg) -- Federal Reserve officials are rethinking their view that wage gains are fueling inflation, a key intellectual shift that bolsters the case for a pause in their tightening campaign this week.Most Read from BloombergOil Traders Are Daring to Defy Market Kingpin Saudi ArabiaUBS Completes Credit Suisse Takeover to Create Bank TitanAs Fed Signals Rate Pause, Powell Will Have to Placate HawksJeff Bezos Has Gained $10 on Mystery Purchase of One Amazon ShareGoldman’s Low US Recession Odds  ( 9 min )

Biogen stock rises after an advisory committee of the Food and Drug Administration votes in favor of approving the biotech company's Alzheimer’s drug, Salesforce is hosting an AI event, Oracle will report earnings, and Chinook Therapeutics will be acquired by Novartis.  ( 22 min )

(Bloomberg) -- Credit Suisse Group AG’s imminent exit from the Swiss Market Index is symbolic of the decreasing importance of financial companies to the country’s stock market.Most Read from BloombergOil Traders Are Daring to Defy Market Kingpin Saudi ArabiaUBS Completes Credit Suisse Takeover to Create Bank TitanAs Fed Signals Rate Pause, Powell Will Have to Placate HawksJeff Bezos Has Gained $10 on Mystery Purchase of One Amazon ShareGoldman’s Low US Recession Odds Get It Wrong, Bond Investors  ( 7 min )

U.S. stock futures advanced early on Monday as the Federal Reserve prepares to pause its campaign of interest-rate increases for the first time in more than a year. The Dow Jones Industrial Average contracts added 0.2%, or 56 points, to 34,260. The S&P 500 rose 0.3%, and the technology-heavy Nasdaq  ( 23 min )

UBS said Monday that it has completed its takeover of embattled rival Credit Suisse, nearly three months after the Swiss government hastily arranged a rescue deal to combine the country's two largest banks in a bid to safeguard Switzerland’s reputation as a global financial center and choke off market turmoil. A statement from the bank said that “UBS has completed the acquisition of Credit Suisse today, crossing an important milestone."  ( 6 min )

(Bloomberg) -- Novartis AG agreed to buy Chinook Therapeutics Inc. for as much as $3.5 billion to add two promising treatments for a rare kidney disease that are currently in late-stage trials.Most Read from BloombergOil Traders Are Daring to Defy Market Kingpin Saudi ArabiaAs Fed Signals Rate Pause, Powell Will Have to Placate HawksUBS Completes Credit Suisse Takeover to Create Bank TitanJeff Bezos Has Gained $10 on Mystery Purchase of One Amazon ShareUK Political Drama Intensifies as Sturgeon  ( 7 min )

Warren Buffett’s company saw both classes of its shares set intraday 52-week highs in the past week, while shares of Hain, a maker of organic and natural products, dove to a more-than-decade low.  ( 22 min )

Nomura/Instinet downgraded the company to Neutral from Buy and cut its price target to $7.50 from $25.80. Meanwhile, CMB International Securities downgraded to Hold from Buy and cut its price target to $8.50 from $21.00.  ( 7 min )

(Bloomberg) -- Cryptocurrencies resumed losses Monday, though staying above their weekend lows, as last week’s regulatory crackdown by the US Securities and Exchange Commission weighed on sentiment.Most Read from BloombergOil Traders Are Daring to Defy Market Kingpin Saudi ArabiaAs Fed Signals Rate Pause, Powell Will Have to Placate HawksUBS Completes Credit Suisse Takeover to Create Bank TitanJeff Bezos Has Gained $10 on Mystery Purchase of One Amazon ShareUK Political Drama Intensifies as Stur  ( 8 min )

Barron's live coverage of financial markets, from stocks and bonds to oil and crypto.  ( 21 min )

With its Credit Suisse takeover officially wrapped up, UBS must now make good on its promise that the government-orchestrated rescue will deliver both for shareholders and Swiss taxpayers. Arranged over a weekend in March to stave off a broader banking crisis, and backed by up to 250 billion Swiss francs ($281 billion) in public funds - the tie-up now poses huge challenges and potential rewards for Switzerland and its biggest bank. Switzerland must now contend with a bank whose balance sheet is twice as big as its economy, while Sergio Ermotti, who was brought back in as CEO to oversee the mega merger, faces tough strategic decisions as UBS integrates its smaller rival against an uncertain economic backdrop.  ( 9 min )